Perelman Sues Late Wife Claudia Cohen's Family, Claiming They Cheated Her Jul 13, 2008
His claims include fraudulent conveyance, undue influence and unjust enrichment. The complaint asks the judge to order the undoing of asset transfers and a rewriting of Robert Cohen's will to assure compliance with the verbal promises. (Bloomberg)
Alston Set to Settle Malpractice Suit Jun 10, 2008
In his order, Edenfield says that two of the other lenders Crescent had approached told E &Y "that Crescent's refinancing would require an investment by Friedman's so large that it could be considered a fraudulent conveyance by Friedman's creditors and shareholders.". Edenfield, in a footnote, writes that the "trustee fails to explain why the banks believed this to be a potentially fraudulent conveyance." He goes on to cite a legal treatise for the generic proposition that an "obligation... (Law.com)
Nevada Gold Announces Favorable Ruling From Texas Court of Appeals in American Heritage Lawsuit Feb 14, 2008
HOUSTON, Feb. 14, 2008 (PRIME NEWSWIRE) -- Nevada Gold & Casinos, Inc. (AMEX: - ) today announced that the Court of Appeals for the First District, Houston, Texas, (the ``Appeals Court'') has ruled in its favor regarding liability in its suit against American Heritage, Inc. (d/b/a/ The Gillmann Group), Nevada Gold's former joint venture partner in Route 66 Casinos, LLC. This ruling enables the Company to pursue its fraudulent conveyance suit against American Heritage, the outcome of which will... (Primezone Releases)
Noteholders object to TOUSA bankruptcy plan Feb 2, 2008
The objections, filed by Miami law firm Genovese, Joblove & Battista, P.A., also say the company committed fraudulent conveyance in July, when it "forced" its subsidiaries to grant its first and second lien term loan lenders secured guaranties of $500 million and to guaranty its $700 million revolver to pay debts related to its Transeastern joint venture, which was heavily indebted and the subject of a lawsuit. The filings say the subsidiaries received no consideration from the arrangement or... (South Florida Business Journal, FL)
Economic terrorist’: Montana man convicted of tax evasion Nov 16, 2007
That otherwise would be called fraudulent conveyance in bankruptcy court, Lovell said. He s avoiding payment of his creditors and tries to put his property out of reach of creditors by conveying the title. (Helena Independent Record, MT)
Rosetta Objects to Calpine's Disclosure Statement for Plan of Reorganization Sep 17, 2007
Similarly, if Calpine's allegations in its fraudulent conveyance action are true, which Rosetta disputes, the Calpine directors and officers who entirely controlled and made all decisions related to the Rosetta transaction, without CNG management having any control or decision making authority for and on behalf of Calpine in this regard, misled Rosetta and its shareholders and induced them to participate in the Rosetta transaction by representing that Calpine was and would remain solvent.... (Primezone Releases)
Rosetta files dismissal against Calpine Sep 13, 2007
has filed a motion in U.S. Bankruptcy Court to dismiss 's fraudulent conveyance claims, claiming they are barred as a matter of law by the expected full payment of Calpine's creditors. Rosetta, a Houston oil and gas company, alleges the transaction in which it received Calpine's oil and gas business was approved by the San Jose, Calif. (Houston Business Journal, TX)
Rosetta Resources Inc. Announces Record Second Quarter 2007 Production and Revenues and Provides Operational Update Aug 14, 2007
This settlement, upon approval by the bankruptcy court, resolves certain issues between Calpine and Rosetta and does so without prejudice to each party's positions in connection with Calpine's fraudulent conveyance action. We reiterate that we believe the fraudulent conveyance lawsuit is both factually and legally without merit and will continue to vigorously defend our position. (Primezone Releases)
A very confusing ruling Feb 21, 2007
To win such a challenge Hausman would have to argue that Altria is, in effect, already legally "insolvent" because of the liability it will eventually face due to the Schwab suit, and that the spinoff of Kraft therefore amounts to a fraudulent conveyance under the bankruptcy laws--i. e., an attempt to sneak assets out of the estate before they can be divvied up properly among creditors. (CNN -- Money)
Judge Puts Freeze on OJ Funds Feb 9, 2007
Ron Goldman's father, Fred, made the injunction request as part of a state lawsuit filed in December, accusing Simpson of fraudulent conveyance namely, setting up a bogus corporation, Lorraine Brooke Associates, to funnel the advance he received from would-be publisher ReganBooks. The Goldmans claim that the fake account was set up so that Simpson would not be forced to relinquish any money to make good on the $33. (E! Online)
Judge freezes money from Simpson deals Jan 6, 2007
The federal lawsuit accuses Simpson of fraudulent conveyance and alleges that he created a shell corporation called Lorraine Brooke Associates last March that received at least $1. 1 million. (MSNBC -- Lifestyle)
Kraft Spin-Off From Altria Seen Imminent Jan 5, 2007
Previously, it had been reluctant to do so out of fear the Schwab case, if certified, could leave them charged with fraudulent conveyance. "It would appear they were trying to hide assets," Mathis said in an interview in October. (Forbes -- Business)
