Kriegman v. 0817726 BC Ltd. (In re LLS Am. LLC)

Ruling: 
Filing of proof of claim was a consent to jurisdiction to adjudicate trustee's avoidance proceeding.
Procedural posture: 
Plaintiff chapter 11 trustee filed a complaint against defendant lenders and investors seeking to recover money paid by a debtor as part of an alleged Ponzi scheme conducted by the debtor. Certain defendants filed motions to dismiss for insufficient service of process, improper extraterritorial application of U.S. bankruptcy law, and failure to state the alleged fraud with particularity as required by Fed. R. Civ. P. 9(b).
Issue: 
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Commercial case opionion summary, case decided on November 16,2012, LexisNexis #1212-091