Fisher v. Prime Table Restaurant & Lounge, Inc. (In Re Lake States Commodities, Inc.)

FINDINGS OF FACT AND CONCLUSIONS OF LAW

SUSAN PIERSON SONDERBY, Chief Judge.

I

FINDINGS OF FACT

This cause comes to be heard upon the conclusion of the plaintiffs case-in-chief at the joint trial on common issues; whether the debtor Lake States Commodities, Inc. a/k/a Lake States, Inc. (“Lake States”) was insolvent at the relevant time pursuant to statute and whether Lake States was operated as a Ponzi scheme. For the reasons stated herein, judgment in favor of the defendant Prime Table Restaurant & Lounge, Inc. (“Prime Table”) is entered pursuant to Rule 7052(c) of the Federal Rules of…