QSI Holdings, Inc. v. Alford, No. 08-1176

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