2nd Circuit Affirms: Trustee Failed To Show Debtor's Transfers Were Fraudulent

2nd Circuit Affirms: Trustee Failed To Show Debtor's Transfers Were Fraudulent

NEW YORK - A panel of the Second Circuit U.S. Court of Appeals on Oct. 15 affirmed a bankruptcy court's ruling that a trustee failed to show that certain prepetition transfers by a debtor company were fraudulent (Buchwald Capital Advisors LLC v. JP Morgan Chase Bank NA $(In Re: M. Fabrikant & Sons Inc.$), No.12-4335, Chapter 11, 2nd Cir.; 2013 U.S. App. LEXIS 20758).

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