Litzler v. Cooper (In re Margaux Tex. Ventures Inc.)

Ruling: 
Trustee's untimely fraudulent transfer proceeding dismissed but trustee retained the ability to seek disallowance of the creditor's related claim.
Issue: 
If a successfully asserted affirmative defense of statute of limitations precludes a trustee from avoiding or recovering a transfer, does this also preclude the transferee's claim from being disallowed under section 502(d)?
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Commercial case opionion summary, case decided on May 22,2014, LexisNexis #0814-059