Youngman v. YA Global Invs. L.P. (In re Headliners Entertainment Group Inc.)

Ruling: 
Payments to financial advisory company were not fraudulent transfers because the debtor received reasonably equivalent value.
Procedural posture: 
Chapter 7 trustee sought to recover payments made to defendants, an investment company and a related financial advisory company, as fraudulent transfer actions under 11 U.S.C.S. § 548(a)(1)(B). The Trustee objected to defendants' introduction of testimony supplementing the promissory note agreements at issue on the grounds that such testimony was barred by the parol evidence rule.
Issue: 
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Commercial case opionion summary, case decided on February 09,2011, LexisNexis #0311-089