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Segner v. Ruthven Oil & Gas LLC (In re Provident Royalties LLC)

Segner v. Ruthven Oil & Gas LLC (In re Provident Royalties LLC)

Ruling
Transfers made pursuant to Ponzi scheme were avoidable as fraudulent subject to transferee's affirmative defense of good faith.
Issue(s)
Were transfers made pursuant to debtor's Ponzi scheme avoidable as fraudulent?

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Commercial opinion summary, case decided on September 11, 2014 , LexisNexis #1014-025