Sec. Inv’r Prot. Corp. v. Bernard L. Madoff Inv. Sec., LLC
Nov
21
2019
Ruling
Trustee was entitled to avoid more than $3 million in fraudulent transfers that were made withactual intent to defraud. (Bankr. S.D.N.Y.)
Issue(s)
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred
ABI Membership is required to access the full summary of Sec. Inv’r Prot. Corp. v. Bernard L. Madoff Inv. Sec., LLC Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
:
- 11 U.S.C.
Generation Res. Holding Co., In re
Aug
14
2019
Ruling
Trustee was allowed to recover proceeds of fraudulently-transferred property. (Bankr. D. Kan.)
Issue(s)
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred
ABI Membership is required to access the full summary of Generation Res. Holding Co., In re Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
:
Jireh Produce Sales, In re
Aug
02
2019
Ruling
Trustee could not recover from alleged fraudulent transferee who did not receive any interestin the property sold by debtor. (Bankr. W.D. Tex.)
Issue(s)
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred
ABI Membership is required to access the full summary of Jireh Produce Sales, In re Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
:
Blast Fitness Group, In re
Apr
30
2019
Ruling
Motion to dismiss denied where trustee asserted a plausible claim that debtor's principal wasa beneficial or a subsequent transferee. (Bankr. D. Mass.)
Issue(s)
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred
ABI Membership is required to access the full summary of Blast Fitness Group, In re Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
:
- 11 U.S.C.
Connolly Geaney Ablitt & Willard v. Durham Commer. Capital Corp., In re
Feb
27
2019
Ruling
Trustee was entitled to summary judgment where he established the elements for avoidanceof fraudulent transfers and entitlement to recovery against defendants. (Bankr. D. Mass.)
Issue(s)
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred
ABI Membership is required to access the full summary of Connolly Geaney Ablitt & Willard v. Durham Commer. Capital Corp., In re Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
:
Judge or Jurisdiction information not available
- 11 U.S.C.
Wolf, In re--Reid v. Wolf
Nov
19
2018
Ruling
Court concluded that a money judgment would be entered against a son of debtor based onhis liability as an initial transferee of 51 percent of certain corporate stock. (Bankr. N.D. Ill.)
Issue(s)
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred
ABI Membership is required to access the full summary of Wolf, In re--Reid v. Wolf Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
:
Green Field Energy Servs., In re--Halperin v. Moreno
Sep
12
2018
Ruling
Trustee could not recover any portion of preferential transfers from debtor's CEO as he failed to establish that he was an ultimate beneficiary where there was no evidence that CEO received an actual benefit from the transfers or that he had access to the transfers. (Bankr. D. Del.)
Issue(s)
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred Property.
ABI Membership is required to access the full summary of Green Field Energy Servs., In re--Halperin v. Moreno Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
:
- 11 U.S.C.
Peregrine Fin. Grp, Inc., In re--Bodenstein v. Univ. of N. Iowa
Jul
11
2018
Ruling
Trustee failed to prove that university is an entity from whom he can recover fraudulenttransfer as the university could not be held liable as an initial transferee because it was a mereconduit for a foundation that the CEO had made a pledge to donate to. (Bankr. N.D. Ill.)
Issue(s)
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred Property; Recovery From Initial Transferee.
ABI Membership is required to access the full summary of Peregrine Fin. Grp, Inc., In re--Bodenstein v. Univ. of N. Iowa Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
:
- 11 U.S.C.
Walldesign, Inc., In re--Henry v. Official Comm. of Unsecured Creditors of Walldesign, Inc.
Oct
02
2017
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.)
Issue(s)
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred Property; Recovery From Initial Transferee.
ABI Membership is required to access the full summary of Walldesign, Inc., In re--Henry v. Official Comm. of Unsecured Creditors of Walldesign, Inc. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
:
Judge or Jurisdiction information not available
Matson v. Rescue Rangers, LLC (Rescue Rangers, LLC)
Sep
29
2017
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.)
Issue(s)
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred Property.
ABI Membership is required to access the full summary of Matson v. Rescue Rangers, LLC (Rescue Rangers, LLC) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: