- 11 U.S.C.
Peregrine Fin. Grp, Inc., In re--Bodenstein v. Univ. of N. Iowa
Jul
11
2018
Ruling
Trustee failed to prove that university is an entity from whom he can recover fraudulenttransfer as the university could not be held liable as an initial transferee because it was a mereconduit for a foundation that the CEO had made a pledge to donate to. (Bankr. N.D. Ill.)
Issue(s)
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred Property; Recovery From Initial Transferee.
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Court
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