- 11 U.S.C.
Industrial Enters. Of Am. v. Tabor Acad. (In re Pitt Penn Holding Co.)
Sep
16
2011
Ruling
Transfers of stock to school by debtor's executives without consideration while debtor was insolvent could be recovered as fraudulent.
Procedural posture
Defendant school filed a motion to dismiss plaintiff debtor's complaint against it, alleging (1) fraudulent transfers under 11 U.S.C.S. § 548, (2) unjust enrichment, (3) fraudulent conveyances under 11 U.S.C.S. § 544, (4) recovery of fraudulent transfers under 11 U.S.C.S. § 550.
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Court
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