Peregrine Fin. Grp, Inc., In re--Bodenstein v. Univ. of N. Iowa

Ruling: 
Trustee failed to prove that university is an entity from whom he can recover fraudulenttransfer as the university could not be held liable as an initial transferee because it was a mereconduit for a foundation that the CEO had made a pledge to donate to. (Bankr. N.D. Ill.)
Issue: 
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred Property; Recovery From Initial Transferee.
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Commercial case opionion summary, case decided on July 11,2018, LexisNexis #0818-077