Legal Opinion
Milbank v. Sharpshooter II, Inc. (In re Worldwide Diamond Ventures, LP)
United States Bankruptcy Court, N.D. Texas
Decided September 27, 2016No. Case No. 13-35115-SGJ-7; Adversary No. 15-03121-SGJPublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM OPINION AND FI-NAL JUDGMENT: (A) GRANTING SUMMARY JUDGMENT ON “REASONABLY EQUIVALENT VALUE” ISSUE; (B) AVOIDING CONSTRUCTIVE FRAUDULENT TRANSFER; AND (C) AWARDING MONETARY DAMAGES TO BANKRUPTCY TRUSTEE
Stacey G. Jemigan, United States Bankruptcy Judge
I. INTRODUCTION: THE TALE OF THE PINK DIAMOND
The above-referenced adversary pro-ceeding (the “Adversary Proceeding”) per-tains to an alleged fraudulent transfer in-volving a 6.32 carat “Brown/Pink natural fancy diamond” (hereinafter the “Pink Diamond”). The debtor-company, World-wide Diamond Ventures, LP (the “Debt- or”), purchased the…
2Cases cited8 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Janvey v. AlguireCourt of Appeals for the Fifth Circuit · 2011
- Executive Benefits Insurance Agency v. ArkisonSupreme Court of the United States · 2014
- Warfield v. ByronCourt of Appeals for the Fifth Circuit · 2006
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3Cited by2 opinions
- Neil Gilmour, Tr. for the Grantor Trusts of Victory Parent Co. v. Conn. Gen. Life Ins. Co. (In re Victory Med. Ctr. Mid-Cities, LP)United States Bankruptcy Court, N.D. Texas · 2019
- Lowe v. American Student Financial Group, Inc.United States Bankruptcy Court, W.D. Texas · 2020