Free Bankruptcy case summaries from Justia.
If you are unable to see this message, click here to view it in a web browser. | | Bankruptcy July 17, 2020 |
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Bankruptcy Opinions | Rajala v. Spencer Fane | Court: US Court of Appeals for the Tenth Circuit Docket: 19-3226 Opinion Date: July 10, 2020 Judge: Carolyn Baldwin McHugh Areas of Law: Bankruptcy | Eric Rajala, the bankruptcy trustee for Generation Resources Holding Company, LLC, initiated separate adversary proceedings against Spencer Fane LLP and Husch Blackwell LLP (collectively, “the firms”) to recover legal fees he alleged were proceeds of a fraudulent transfer. The bankruptcy court denied the firms’ motions to dismiss, but then certified the decisions for immediate appeal. The Tenth Circuit consolidated the appeals and agreed to hear them on an interlocutory basis. The Tenth Circuit concluded that because the firms were not “transferees,” as that term is used in 11 U.S.C. 550, the Court reversed and remanded with instructions to dismiss Rajala’s adversary complaints. Consequently, Rajala may not recover the fees from the firms. | |
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