Property Management Firm – Successful Defense of Fraudulent Transfer Claims

Represented a high profile property management firm and one of its executives in litigation related to claims that the clients had fraudulently transferred ownership of a business in order to avoid liability for a $2.3 million default judgment obtained against the business after it had been sold.  The case was settled in the wake of favorable rulings that included the dismissal of claims against the executive and the determination that funds transferred by our clients for the purpose of eliminating an intercompany loan prior to the sale of the business did not constitute a fraudulent conveyance and were therefore not subject to disgorgement.