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In re Mercury Cos.

In re Mercury Cos.

Ruling
Transfer was not fraudulent where debtor received reasonably equivalent value.
Issue(s)
Whether underwriter acted reasonably in refusing to pay the balance owed to debtor on a stock purchase agreement and whether debtor received reasonably equivalent value for the transferred shares?

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Commercial opinion summary, case decided on October 09, 2015 , LexisNexis #1115-022