United States Seventh Circuit

In multiple appeals arising out of bankruptcy proceedings, plaintiff trustee can avoid transfers from Consolidated to defendant between 1989 and 1995 as fraudulent transfers, but the matter is remanded for further findings on the issue of Consolidated's solvency after 1995. Grant of summary judgment for trustee on sections 547 and 548 claims are reversed. With respect to the trustee's cross-appeal, the matter is remanded for further findings on the trustee's alter ego/veil piercing claims.

Appellate Information

• Argued 10/23/2007
• Decided 09/02/2008
• Published 09/02/2008

Judges

• CUDAHY, Circuit Judge., Before BAUER, CUDAHY and SYKES, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellant:
  
• Steven P. Handler (argued), David S. Rosenbloom, McDermott, Will & Emery, Chicago, IL, J. Joseph Bainton (argued), Bainton McCarthy, New York City, for Appellant.


• For Appellees:
  
• Catherine L. Steege (argued), Jenner & Block, Chicago, IL, for Plaintiff-Appellee, Cross-Appellant., Catherine L. Steege (argued), Jenner & Block, Chicago, IL, Gordon E. Gouveia, Shaw, Gussis, Fishman, Glantz, Wolfson & Towbin, Chicago, IL, Richard A. Kempf, Taft Stettinius & Hollister, Indianapolis, IN, for Daniel L. Freeland, Trustee-Appellee.