Skip to main content

Litzler v. Cooper (In re Margaux Tex. Ventures Inc.)

Litzler v. Cooper (In re Margaux Tex. Ventures Inc.)

Ruling
Trustee's untimely fraudulent transfer proceeding dismissed but trustee retained the ability to seek disallowance of the creditor's related claim.
Issue(s)
If a successfully asserted affirmative defense of statute of limitations precludes a trustee from avoiding or recovering a transfer, does this also preclude the transferee's claim from being disallowed under section 502(d)?

ABI Membership is required to access the full summary of Litzler v. Cooper (In re Margaux Tex. Ventures Inc.) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member

Commercial opinion summary, case decided on May 22, 2014 , LexisNexis #0814-059