- 28 U.S.C.
GLC Ltd. v. Smith (In re GLC Ltd.)
Jul
13
2012
Ruling
Third party proceeding by transferee against transferee's former spouse to recover profits of Ponzi scheme operated by debtor's principals was not related to bankruptcy.
Procedural posture
Plaintiff debtor filed a fraudulent transfer against third-party plaintiff transferee, an alleged participant in a Ponzi scheme operated by the debtor's former principals. The transferee filed a third-party complaint against third-party defendant, the transferee's former wife. The former wife filed a motion to dismiss the third-party complaint.
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Court
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