United States Second Circuit

Section 550(a)(1) of the Bankruptcy Code does not mandate that a trustee recover from the transferee the fair market value of property that was the subject of an avoidable transfer after the trustee has already recovered the equity value of the property from the transferor.

Appellate Information

• Argued 02/26/2001
• Decided 05/30/2001
• Published 05/30/2001

Judges

• Before WINTER, McLAUGHLIN, and POOLER, Circuit Judges.

Court

• United States Second Circuit

Counsel

• For Appellant:
  
• Michael D. Brofman,Certilman, Balin, Adler & Hyman, East Meadow, NY (Kimberly I. Berson, of counsel) for Plaintiff-Appellant.


• For Appellees:
  
• Michelle S. Feldman, Godsberg, Zankel & Golden, P.C., Garden City, NY, for Defendants-Appellees.