§ 550

Petters Co., In re--Kelley v. McDonald

Ruling: 
Court deemed that only an allegation that transfers were avoidable was needed before trustee can sue defendant and not the actual avoidance of initial transfers involved in the pending suit. (Bankr. D. Minn.)
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Commercial case opionion summary, case decided on January 17,2018, LexisNexis #0218-103

Walldesign, Inc., In re--Henry v. Official Comm. of Unsecured Creditors of Walldesign, Inc.

Ruling: 
Corporate president could not be considered as an initial transferee as he did not havedominion over the funds in a personal capacity. (9th Cir.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on October 02,2017, LexisNexis #1117-057

Matson v. Rescue Rangers, LLC (Rescue Rangers, LLC)

Ruling: 
Causes of action for aiding and abetting fraudulent transfers and conspiracy to fraudulentlytransfer shall be dismissed if not supported by the allegation that the defendants received theproperty transferred or that they actually benefotted from the said transfer. (Bankr. E.D. Va.)
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Commercial case opionion summary, case decided on September 29,2017, LexisNexis #1117-018

Dearmond, In re--Russell v. Harper

Ruling: 
Trustee was entitled to monetary judgment from transferee as the transferee was also held liable for debtor's fraudulent transfers. (Bankr. E.D. Tenn.)
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Consumer case opionion summary, case decided on September 21,2017, LexisNexis #1017-108

Brooke Corp., In re--Redmond v. NCMIC Fin. Corp.

Ruling: 
Trustee could recover loan payments after proving that debtor was continuously insolventduring the four years preceding the filing of its bankruptcy petition. (Bankr. D. Kan.)
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Commercial case opionion summary, case decided on May 15,2017, LexisNexis #0617-077

Licking River Mining, LLC, In re--Spradlin v. Pryor Cashman LLP

Ruling: 
Trustee's claims against LLC as a mediate or immediate transferee failed to state a claim upon which relief could be granted as the amended complaint failed to state a claim for avoidance of any transfers from the debtors. (Bankr. E.D. Ky.)
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Commercial case opionion summary, case decided on March 24,2017, LexisNexis #0417-109

Meoli v. Huntington Nat'l Bank

Ruling: 
Trustee allowed to recover from bank all direct loan repayments received after bank's proven good faith ended. (6th Cir. Mich.)
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Consumer case opionion summary, case decided on February 08,2017, LexisNexis #0317-043

Securities Investor Prot. Corp. v. Bernard L. Madoff Inv. Sec. LLC (In re Madoff)

Ruling: 
Trustee’s claims to recover subsequent transfers that made by initial transferee funds thatwere debtors in foreign insolvency proceedings dismissed on grounds of international comity.(Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on November 21,2016, LexisNexis #1216-112

Milbank v. Sharpshooter II, Inc. (In re Worldwide Diamond Ventures, LP)

Ruling: 
Overpayment for purchase of unique diamond was an avoidable fraudulent transfer. (Bankr.N.D. Tex.)
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Commercial case opionion summary, case decided on September 27,2016, LexisNexis #1016-091

Desmond v. Am. Express Centurion Bank, Inc. (In re Callas)

Ruling: 
Payments on antecedent credit card debt accepted in good faith were not avoidable. (Bankr.N.D. Ill.)
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Consumer case opionion summary, case decided on September 28,2016, LexisNexis #1016-092

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