- FRBP
In re Canopy Fin. Inc.
Feb
28
2013
Ruling
Transferee could not vacate default in avoidance proceeding where it did not supply necessary precedent to district court.
Procedural posture
In a claw-back action by a receiver on behalf of plaintiff debtor, a default judgment was entered against defendant casino for plaintiff's monies spent by two of its officers, who were later convicted of fraud. When plaintiff executed on the judgment, defendant moved under Fed. R. Bankr. P. 9024 to vacate the default. A bankruptcy judge denied the motion. The U.S. District Court for the Northern District of Illinois affirmed. Defendant appealed.
ABI Membership is required to access the full summary of In re Canopy Fin. Inc. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
:
Judge or Jurisdiction information not available