- 11 U.S.C.
PSN Liquidating Trust v. Intelsat Corp. (In re PSN United States Inc.)
Sep
09
2011
Ruling
Transfers from debtor to satellite service provider pursuant to provider's contract with debtor's parent were not constructively fraudulent as debtor received value.
Procedural posture
Plaintiff, a liquidating trust for a Chapter 11 debtor, moved for partial summary judgment on its claim against defendant satellite service providers on claims of constructive fraudulent transfers under either 11 U.S.C.S. § 548(a)(1)(B) or the corresponding Florida state statutes. The providers filed a cross-motion for summary judgment on the constructive fraudulent transfer claims and actual fraud claims under § 548(a)(1)(A) or state law.
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Court
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