Pereira v. Grecolas Ltd. (In re Saba Enters.)

Debtor holding company filed a petition under chapter 7 of the Bankruptcy Code, and a trustee was appointed to administer the debtor's bankruptcy estate. The trustee filed an adversary proceeding against defendants, an individual and various businesses, claiming, inter alia, that the individual was responsible for the fraudulent transfer of assets that belonged to the debtor to other businesses he owned. Defendants filed a motion to dismiss.