Enron Corp. v. Ave. Special Situations Fund II LP (In re Enron Corp.)
Mar
31
2006
Ruling
Court denied motion to dismiss trustee's avoidance complaint since the transferees'claims against debtors were subject to disallowance under section 502(d) if the claims were related to avoidable transfers received by the transferor bank.
Procedural posture
Plaintiff bankruptcy trustee brought an adversary proceeding against defendant transferees of claims against bankruptcy debtors, asserting that the transferees'claims were subject to disallowance under 11 U.S.C. § 502(d) based on avoidable transfers received by the transferor bank in unrelated transactions. The transferees moved to dismiss the trustee's complaint.
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Court
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