- 11 U.S.C.
Official Committee of Unsecured Creditors v. CIT GroupBusiness Credit Inc. (In re Jevic Holding Corp.)
Sep
15
2011
Ruling
Series of transactions with creditor lender constituting a leveraged buyout were attempts to defraud other creditors and avoidable.
Procedural posture
Creditor filed a motion to dismiss all claims brought by plaintiff, the Official Committee of Unsecured Creditors (Committee), including claims for constructively fraudulent transfers under 11 U.S.C.S. § 544 and § 548, preferential transfers under 11 U.S.C.S. § 547, recovery under § 547, aiding and abetting breach of fiduciary duty, and equitable subordination under 11 U.S.C.S. § 510.
ABI Membership is required to access the full summary of Official Committee of Unsecured Creditors v. CIT GroupBusiness Credit Inc. (In re Jevic Holding Corp.) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: