Zazzali v. Wavetronix LLC (In re DBSI Inc.)

Ruling: 
Fraudulent transfer proceeding against partial owners of transferee LLC dismissed.
Procedural posture: 
Defendants filed a motion to dismiss the complaint filed by plaintiffs, trustees of debtors' estate litigation trust and debtors' liquidating trust, seeking to recover allegedly fraudulent conveyances from defendants under 11 U.S.C.S. § 548 and state law, alleging that one defendant breached his personal guaranty, alleging breach of fiduciary duties, alleging unjust enrichment, and alleging breach of an operating agreement.
Issue: 
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Commercial case opionion summary, case decided on March 04,2011, LexisNexis #0411-020