Meoli v. Huntington Natl Bank (In re Teleservices Group Inc.)

Pre 2005-Act: 
Pre 2005-Act
Ruling: 
Good faith defense to avoidance failed where transferee bank did not conduct itself appropriately.
Procedural posture: 
Chapter 7 trustee filed an action against defendant, a creditor bank, to recover fraudulent transfers the bank allegedly received either directly from the debtor or indirectly through a related company. The bank asserted its good faith under both 11 U.S.C.S. §§ 548(c) and 550(b)(1).
Issue: 
ABI Membership is required to access the full summary of Meoli v. Huntington Natl Bank (In re Teleservices Group 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 17,2011, LexisNexis #0411-102