Cage v. GDH Intl Inc. (In re Great Gulfcan Energy Tex. Inc.)

Ruling: 
Trustee could not avoid transfer by initial transferees to subsequent transferees who took title in good faith.
Procedural posture: 
Plaintiff bankruptcy trustee brought an adversary proceeding against defendant transferee of real property seeking to recover the value of the property which a bankruptcy debtor transferred to its former principal for no consideration, who then transferred the property to the transferee in partial satisfaction of a judgment. The trustee and the transferee cross-moved for summary judgment.
Issue: 
ABI Membership is required to access the full summary of Cage v. GDH Intl Inc. (In re Great Gulfcan Energy Tex. Inc.). 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 March 08,2013, LexisNexis #0413-058