Millennium Lab Holdings II, LLC, In re--Kirschner v. J.P. Morgan Chase Bank, N.A.
Jun
27
2025
Ruling
Good faith is just one part of the statutory defense to avoidance and the defendants did not cite any authority for a separate “reasonable good faith” defense. (Bankr. D. Del.)
Issue(s)
Fraudulent Transfers and Obligations; Validity of Transfers to Good Faith Purchasers for Value.
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180 Equip., LLC, In re--Reinbold v. Menard, Inc.
Feb
28
2025
Ruling
Transfer was not fraudulent where transferee gave value to the debtor by delivering goods to third parties designated by debtor in exchange for payment. (Bankr. C.D. Ill.)
Issue(s)
Fraudulent Transfers and Obligations; Validity of Transfers to Good Faith Purchasers for Value.
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Court
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Zamora, In re--Gonzales v. De La Madrid
Jul
13
2022
Ruling
Default judgment against all defendants was warranted as only one defendant filed a timelyanswer to the complaint and that answer was defective. (Bankr. C.D. Cal.)
Issue(s)
Fraudulent Transfers and Obligations; Validity of Transfers to Good Faith Purchasers for
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Bernard L. Madoff Inv. Secs. LLC, In re--Picard v. Citibank, N.A.
Aug
30
2021
Ruling
Securities Investor Protection Act trustee did not bear the burden of pleading a transferee'slack of good faith. (2d Cir.)
Issue(s)
Fraudulent Transfers and Obligations; Validity of Transfers to Good Faith Purchasers for
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Judge or Jurisdiction information not available
EPD Inv. Co., LLC, In re--Rund v. Kirkland
Oct
29
2020
Ruling
Trust was entitled to a claim of $1,950,613 subject to adjustments and without interest as itacquired the claim in good faith but the funds were proceeds of a Ponzi scheme. (Bankr. C.D.Cal.)
Issue(s)
Fraudulent Transfers and Obligations; Validity of Transfers to Good Faith Purchasers for
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Michael S. Goldberg, LLC, In re--Berman v. Pavano
Aug
28
2020
Ruling
Transfer received for investment in Ponzi scheme was fraudulent as defendant did notprovide value and did not act in good faith. (Bankr. D. Conn.)
Issue(s)
Fraudulent Transfers and Obligations; Validity of Transfers to Good Faith Purchasers for
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Providence Fin. Invs., Inc., In re--Yip v. Perez
Oct
15
2018
Ruling
Trustee was entitled to recover amount in commission payments that exceeded contract rate. (Bankr. S.D. Fla.)
Issue(s)
Fraudulent Transfers and Obligations; Validity of Transfers to Good Faith Purchasers for Value.
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Bernard L. Madoff Inv. Secs. LLC, In re--Picard v. Magnify Inc.
Apr
13
2018
Ruling
Motion to dismiss was denied where defendants received transfers from debtor with acualknowledge that debtor was not trading securities and in bad faith. (Bankr. S.D.N.Y.)
Issue(s)
Fraudulent Transfers and Obligations; Validity of Transfers to Good Faith Purchasers for Value.
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Direct Access Partners, LLC, In re--Geron v. Craig
Dec
11
2017
Ruling
Transferee was not collaterally estopped from claiming good faith defense as there was noindication that his receipt of compensation was an element of the alleged fraud. (Bankr.S.D.N.Y.)
Issue(s)
Fraudulent Transfers and Obligations; Validity of Transfers to Good Faith Purchasers for Value.
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In re Bernard L. Madoff Inv. Secs. LLC
Aug
11
2015
Ruling
Dismissal of avoidance proceedings denied as feeder fund transferees were sophisticated financial professionals who knew that the operator of a Ponzi scheme was reporting fictitious transactions and took steps to prevent any inquiry.
Issue(s)
Should avoidance proceedings against feeder funds that received transfers from the Madoff Ponzi scheme be dismissed?
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