United States Fourth Circuit
Total Realty Management, LLC v. R. A. North Development, Incorporated, 11-2101
In appeal by bankruptcy trustee for debtor, judgment of dismissal of adversary action against defendant for contribution for debtor's liabilities under the Interstate Land Sales Full Disclosure Act, is affirmed where: 1) defendant is potentially independently liable to debtor's purchasers under the Act; however 2) debtor is not entitled to contribution as a matter of law because it has yet to make any payment to aggrieved purchasers stemming from Interstate Land Sales Act violations.
Appellate Information
- Decided 01/14/2013
- Published 01/14/2013
Judges
- WYNN
Court
- United States Fourth Circuit