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Angell v. Montague Farms Inc. (In re Tanglewood Farms Inc.)

Angell v. Montague Farms Inc. (In re Tanglewood Farms Inc.)

Ruling
Transferee not entitled to summary judgment in trustee's avoidance proceeding alleging an constructively fraudulent transfer.
Issue(s)
Was specialty soybean grower entitled to summary judgment in trustee's proceeding for avoidance proceeding based on offsets the grower received on payments owed to debtor in satisfaction of amounts owed to the grower by debtor's president and sole shareholder?

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Commercial opinion summary, case decided on May 23, 2014 , LexisNexis #0614-092