Sec. Inv’r Prot. Corp. v. Bernard L. Madoff Inv. Sec., LLC
Nov
21
2019
Ruling
Trustee was entitled to avoid more than $3 million in fraudulent transfers that were made withactual intent to defraud. (Bankr. S.D.N.Y.)
Issue(s)
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred
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Court
:
- 11 U.S.C.
Generation Res. Holding Co., In re
Aug
14
2019
Ruling
Trustee was allowed to recover proceeds of fraudulently-transferred property. (Bankr. D. Kan.)
Issue(s)
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred
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Court
:
Jireh Produce Sales, In re
Aug
02
2019
Ruling
Trustee could not recover from alleged fraudulent transferee who did not receive any interestin the property sold by debtor. (Bankr. W.D. Tex.)
Issue(s)
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred
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Court
:
Blast Fitness Group, In re
Apr
30
2019
Ruling
Motion to dismiss denied where trustee asserted a plausible claim that debtor's principal wasa beneficial or a subsequent transferee. (Bankr. D. Mass.)
Issue(s)
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred
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Court
:
- 11 U.S.C.
Connolly Geaney Ablitt & Willard v. Durham Commer. Capital Corp., In re
Feb
27
2019
Ruling
Trustee was entitled to summary judgment where he established the elements for avoidanceof fraudulent transfers and entitlement to recovery against defendants. (Bankr. D. Mass.)
Issue(s)
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred
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:
Judge or Jurisdiction information not available
- 11 U.S.C.
Wolf, In re--Reid v. Wolf
Nov
19
2018
Ruling
Court concluded that a money judgment would be entered against a son of debtor based onhis liability as an initial transferee of 51 percent of certain corporate stock. (Bankr. N.D. Ill.)
Issue(s)
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred
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Court
:
Green Field Energy Servs., In re--Halperin v. Moreno
Sep
12
2018
Ruling
Trustee could not recover any portion of preferential transfers from debtor's CEO as he failed to establish that he was an ultimate beneficiary where there was no evidence that CEO received an actual benefit from the transfers or that he had access to the transfers. (Bankr. D. Del.)
Issue(s)
Liability of Transferee of Avoided Transfer; Trustee’s Right to Recover Transferred Property.
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Court
:
- 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
:
- 11 U.S.C.
Petters Co., In re--Kelley v. McDonald
Jan
17
2018
Ruling
Court deemed that only an allegation that transfers were avoidable was needed before trustee can sue defendant and not the actual avoidance of initial transfers involved in the pending suit. (Bankr. D. Minn.)
Issue(s)
Liability of Transferee of Avoided Transfer.
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Court
:
- 11 U.S.C.
Petters Co., In re--Kelley v. Stapleton
Jan
17
2018
Ruling
Plaintiff need only allege that an initial transfer was avoidable when suing a subsequent transferee to recover the value of the property transferred. (Bankr. D. Minn.)
Issue(s)
Liability of Transferee of Avoided Transfer.
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Court
: