Sherry v. Ross

FINDINGS OF FACT AND CONCLUSIONS OF LAW

YAMASHITA, United States Magistrate Judge.

INTRODUCTION

This is an action to set aside as fraudulent conveyances, a series of transfers beginning September 3, 1971, of an 11,334 square foot fee simple parcel of land in Makiki, Honolulu, Hawaii and the lessor’s interest in a thirty-two unit leasehold condominium building, known as the Kealoha Arms, on that land. On November 11, 1991, John Sherry and 52 other individuals (together “Plaintiffs”), who hold a fraud judgment against Michael Ross (and others) in the amount of $1,266,912.00, plus costs, filed a…