DECKER v. ADVANTAGE FUND LTD., No. 01-17406, 01-17408 (9th Cir.
    March 29, 2004)
    Fraudulent transfer claims were properly dismissed because the
    action, directed at recovery of corporate stock, would not restore
    property to the bankruptcy estate or avoid an estate obligation.
    Securities Exchange Act section 16(b) is inapplicable because the
    recipients were not beneficial owners of >10% of the common stock.

    To read the full text of this opinion, go to:

    [PDF File]
    http://caselaw.lp.findlaw.com/data2/circs/9th/0117406p.pdf

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 © 2004 Phillip W. Gillet, Jr., M.S., J.D., EA

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