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§ 550

Musselman v. David Jones Ins. Inc. (In re Florida Eco-Safaris Inc.)

Ruling
Insurance agency failed to show that it was a mere conduit for fraudulently transferred funds.
Issue(s)
Were payments by eco-safari company to insurance company fraudulent transfers?

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Commercial opinion summary, case decided on March 31, 2015 , LexisNexis #0415-098

Finley Group v. N.C. (In re Redf Mktg. LLC)

Ruling
Proceeding to recover proceeds of fraudulent transfer from state was not barred by sovereign immunity.
Issue(s)
Was avoidance proceeding to recover transfer from state barred by operation of sovereign immunity?

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Commercial opinion summary, case decided on March 10, 2015 , LexisNexis #0415-055

Coan v. MDC Corp. (In re Louis Gherlone Excavating Inc.)

Ruling
Postpetition transfer of funds by third party was not avoidable but transfer made directly by debtor was avoidable.
Issue(s)
Were postpetition transfers by debtor and debtor's owner and principal avoidable as unauthorized?

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Commercial opinion summary, case decided on December 19, 2014 , LexisNexis #0115-059

Mano-Y&M Ltd. v. Field (In re Mortgage Store Inc.)

Ruling
Seller of shopping center properly held to be initial transferee of funds from debtor.
Issue(s)
Did the district court properly hold that owner/seller of shopping center was the initial transferee of funds paid by the debtor in connection with the sale?

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on December 05, 2014 , LexisNexis #0115-021

Agin v. PNC Mortg. (In re Spodris)

Ruling
Post-avoidance money judgment denied.
Issue(s)
Was trustee entitled to money damages for value of property found to have been preferentially transferred pursuant to prior default judgment in an adversary proceeding?

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Consumer opinion summary, case decided on September 04, 2014 , LexisNexis #1014-057

Kerr v. Roeser (In re Hackney)

Ruling
Summary judgment in fraudulent transfer proceeding denied due to issues of fact concerning lender's good faith and due diligence.
Issue(s)
Should lender be granted summary judgment in fraudulent transfer proceeding for acting in good faith in the subject transaction?

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Consumer opinion summary, case decided on April 02, 2014 , LexisNexis #0914-095

Menotte v. United States (In re Custom Contractors LLC)

Ruling
IRS not liable for fraudulent tax payment which was subsequently refunded to debtor's principal.
Issue(s)
Could trustee avoid an allegedly fraudulent transfer made by debtor to the IRS towards the tax liability of its principal that was subsequently refunded, or was the IRS a mere conduit?

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on March 26, 2014 , LexisNexis #0414-061

Stiles v. Vaden (In re Bechtold)

Ruling
Trustee's complaint that was adequate with respect to debtors' unauthorized sale of residence ordered amended to set forth recovery sought.
Issue(s)
Should trustee's proceeding for avoidance of debtor's unauthorized sale of residence and recovery of value of residence, plus closing disbursements, be dismissed due to inadequately stated claims and failure to join indispensible parties?

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Consumer opinion summary, case decided on February 14, 2014 , LexisNexis #0314-059

Weisfelner v. Fund 1 (In re Lyondell Chem. Co.)

Ruling
Fraudulent transfer claims by creditor trust against holders of debtor's stock and based on assigned claims dismissed.
Issue(s)
Could trust acting as assignee of unsecured creditors maintain fraudulent transfer claims arising against debtor as a consequence of its LBO.

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Commercial opinion summary, case decided on January 14, 2014 , LexisNexis #0214-026

Hyman v. Bast Amron LLP (In re Cargo Transp. Servs.)

Ruling
Law firm acting as conduit for settlement proceeds was not an initial transferee.
Issue(s)
Whether a law firm was an initial transferee under 11 U.S.C.S. § 550(a)(1) where a chapter 11 debtor made six 11 U.S.C.S. § 547 preferential transfers to the firm as part of a settlement agreement in a preference action in another chapter 11 case and where the firm deposited the funds into its trust account.

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Commercial opinion summary, case decided on November 26, 2013 , LexisNexis #1213-092