- 11 U.S.C.
In re C&S Wholesale Grocers Inc. v. DeLano (In re DeLano Retail Partners LLC)
Sep
29
2014
Ruling
In pari delicto is not a defense in a fraudulent transfer proceeding.
Issue(s)
Should transfers to entity of which the sole shareholders were the sole members of debtor LLC be avoided or could the transferees claim the defense of in pari delicto against assignee of chapter 7 trustee that brought the proceeding?
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Court
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