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Bernard L. Madoff Inv. Secs. LLC, In re--Picard v. Magnify Inc.

Bernard L. Madoff Inv. Secs. LLC, In re--Picard v. Magnify Inc.

Ruling
Motion to dismiss was denied where defendants received transfers from debtor with acualknowledge that debtor was not trading securities and in bad faith. (Bankr. S.D.N.Y.)
Issue(s)
Fraudulent Transfers and Obligations; Validity of Transfers to Good Faith Purchasers for Value.

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Commercial opinion summary, case decided on April 13, 2018 , LexisNexis #0518-078