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.
Read QSI Holdings, Inc. v. Alford, No. 08-1176
Appellate Information
Argued: March 4, 2009
Decided and Filed: July 6, 2009
Judges
Opinion by Judge Norris
Counsel
For Appellants:
John K. Cunningham, White & Case LLP, Miami, FL
For Appellees:
Boyd A. Henderson, Miller Johnson, Grand Rapids, MI
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