3rd Circuit: Loan Transaction Not Fraudulent, Trustee May Not Recover Transfer

PHILADELPHIA - A panel of the Third Circuit U.S. Court of Appeals on Aug. 16 affirmed dismissal of a trustee's complaint that alleged that a loan transaction constituted a fraudulent transfer because insider transactions such as the one at issue are not per se fraudulent (Jonathan Kohn v. McGuire Woods, No. 12-3028, Chapter 11, 3rd Cir.; 2013 U.S. App. LEXIS).

Access this news story on lexis.com®