Winter Leadership Conference | December 5-7 | Rancho Palos Verdes , CA Register Today View Schedule

In re Longview Aluminum LLC

Pre 2005-Act: 
Pre 2005-Act
Ruling: 
Member of debtor LLC could be an insider for avoidance purposes.
Procedural posture: 
Appellant, a member of a limited liability company (LLC) that filed for chapter 11 bankruptcy, appealed a judgment of the United States District Court for the Northern District of Illinois that affirmed a decision of a bankruptcy court that held that appellee trustee could void and recover transfers that were made to the member from the LLC less than one year before the bankruptcy filing pursuant to 11 U.S.C.S. § 547(b)(4)(B).
Issue: 
ABI Membership is required to access the full summary of In re Longview Aluminum LLC. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on September 02,2011, LexisNexis #0911-140