Markus v. Fried (In re Geneva Steel LLC)

Pre 2005-Act: 
Pre 2005-Act
Ruling: 
Two-year statute of limitations for avoidance of transfer was tolled due to debtor's nondisclosure.
Procedural posture: 
Plaintiffs, a chapter 11 trustee and others, filed an adversary proceeding against defendants, a Delaware corporation and others, seeking an order avoiding the transfer of real property to the Delaware corporation. The parties filed cross-motions for summary judgment on the issue of whether the two-year statute of limitations imposed by 11 U.S.C.S. § 546(a) had expired.
Issue: 
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Commercial case opionion summary, case decided on May 14,2008, LexisNexis #0608-064