United States Sixth Circuit

In a fraudulent conveyance action in Bankruptcy Court, summary judgment for Defendants is affirmed where 11 U.S.C. section 546(e) is not limited to publicly traded securities but also extends to transactions, such as the leveraged buyout at issue, involving privately held securities.

Appellate Information

• Decided 07/06/2009
• Published 07/06/2009

Judges

• Before NORRIS, COOK, and GRIFFIN, Circuit Judges.

Court

• United States Sixth Circuit

Counsel

• For Appellees:
  
• ARGUED:  John K. Cunningham, White & Case LLP, Miami, Florida, for Appellants.  Boyd A. Henderson, Miller Johnson, Grand Rapids, Michigan, for Appellees.   ON BRIEF:  John K. Cunningham, Matthew C. Brown, White & Case LLP, Miami, Florida, Glenn M. Kurtz, White & Case LLP, New York, New York, Robert S. Hertzberg, Pepper Hamilton LLP, Detroit, Michigan, Benjamin M. Mather, Michael H. Reed, Pepper Hamilton LLP, Philadelphia, Pennsylvania, for Appellants.  Boyd A. Henderson, Miller Johnson, Grand Rapids, Michigan, for Appellees.