Plaintiff Granted Summary Judgment on DCL 273 Claim Based on Lack of Fair Consideration for Transfer

Plaintiff Granted Summary Judgment on DCL 273 Claim Based on Lack of Fair Consideration for Transfer

On October 17, 2022, Justice Crane of the New York County Commercial Division issued a decision in 214 Knickerbocker LLC v. Shou Pan, 2022 NY Slip Op. 33579(U), granting summary judgment on a DCL 273 claim based on the lack of fair consideration for a transfer . . . Continue reading Plaintiff Granted Summary Judgment on DCL 273 Claim Based on Lack of Fair Consideration for Transfer

Creditor of Parent Company of Debtor does not Have Standing to Assert Fraudulent Conveyance Claims Against Debtor

Creditor of Parent Company of Debtor does not Have Standing to Assert Fraudulent Conveyance Claims Against Debtor

On November 10, 2021, Justice Reed of the New York County Commercial Division issued a decision in Airball Capital LLC v. Rosenthal & Rosenthal Inc., 2021 NY Slip Op. 51082(U), holding that a creditor of the parent company of a debtor did not have standing to assert fraudulent conveyance claims against the debtor . . . Continue reading Creditor of Parent Company of Debtor does not Have Standing to Assert Fraudulent Conveyance Claims Against Debtor