Field v. Lindell (In re Mortgage Store Inc.)

Debtor's sole principal and president who performed under purchase agreement and exercised dominion over funds was an initial transferee.
Procedural posture: 
After the court ruled that a transfer was fraudulent under both the Bankruptcy Code and state law, it found that unresolved questions of fact precluded a finding that plaintiff, a chapter 7 trustee, could recover the transfer pursuant to 11 U.S.C.S. § 550(a) from defendant transferee. The trustee filed a supplemental motion for summary judgment regarding the transferee's status as an initial or subsequent transferee.
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Commercial case opionion summary, case decided on September 27,2012, LexisNexis #1212-055