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Second Circuit Defines a Prohibited Double Recovery on Fraudulent Transfers

There is no prohibited double recovery from multiple defendants, the appeals courts says, until the trustee has recovered cash equaling the value of the fraudulently transferred property.

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Opinion Link

Case Details

Judge Name

Gerard E. Lynch

Case Citation

Jones v. Brand Law Firm PA (In re Belmonte), 18-2098 (2d Cir. July 25, 2019)

Case Name

In re Belmonte

Case Type

Consumer
Court