For Your Ease Only, Inc. v. Calgon Carbon Corp., 07-4034
In an action involving judgment enforcement and the transfer of assets brought under the Illinois Uniform Fraudulent Transfer Act, district court order is vacated where the transfer of the defendant-company's assets by defendant Schneider to a company owned by Fournier is voidable under the UFTA as the transfer was not accepted in good faith. Case is remanded to the district court to decide whether co-defendant HSN violated the third party citation order by transferring the assets of defendant Schnieder's entities to Fournier's company.
- Decided 03/31/2009
- Published 03/31/2009
- WOOD, Circuit Judge., Before POSNER, WOOD and TINDER, Circuit Judges.
- United States Seventh Circuit
- For Appellant:
- Daniel W. McDonald (argued), Merchant & Gould, Minneapolis, MN, Marshall J. Burt, Chicago, IL, for Plaintiff-Appellant.
- For Appellees:
- Gerald L. Angst, Sidley Austin, Chicago, IL, Uzoamaka E. Nzelibe, Novack & Macey, Chicago, IL, for Defendants-Appellees., Daniel M. Blouin (argued), Janet V. Siegel, Seyfarth Shaw, Chicago, IL, for Intervening-Appellee.