Legal Opinion
Stoumbos ex rel. Whitesides v. Kilimnik
Court of Appeals for the Ninth Circuit
Decided March 9, 1993No. Nos. 91-35524, 91-35525PublishedCited by 1 opinion
1Opinion of the Court
FLETCHER, Circuit Judge:
The trustee for debtor American Alloy Metals (“AAM”) appeals the district court’s affirmance of the bankruptcy court’s decision in an adversary proceeding brought by the trustee against Walter Kilimnik, former president of AAM. The decision in most respects favored Kilimnik. Kilimnik cross appeals that portion of the judgment that disfavored him. We reverse in most respects and remand.
FACTS
Walter Kilimnik founded AAM in 1965. He moved the company from California to Vancouver, Washington in 1980.
In 1982, Kilimnik, AAM’s president and sole shareholder, sold the assets of…
2Cases cited45 opinions
- Pepper v. LittonSupreme Court of the United States · 1939
- In the Matter of Mobile Steel Company, Debtor. Elaine E. Benjamin v. Lester Y. Diamond, as Trustee in Bankruptcy for Mobile Steel, Inc.Court of Appeals for the Fifth Circuit · 1977
- Berg v. HudesmanWashington Supreme Court · 1990
- In the Matter of Harry Fondiller, Debtor. Rosalyn Fondiller v. Jerome E. RobertsonCourt of Appeals for the Ninth Circuit · 1983
- In the Matter of Fabricators, Inc., Debtor. Fabricators, Inc., Cross-Appellant v. Technical Fabricators, Inc., Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1991
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3Cited by1 opinion
- Bankr. L. Rep. P 75,183, 20 Ucc rep.serv.2d 333 Zachary Stoumbos, Trustee, as Successor to Dale v. Whitesides, Trustee, Plaintiff-Appellant-Cross-Appellee v. Walter Kilimnik, an Individual, Aam Aerospace & Corrosion International, Inc., a Washington Corporation, D/B/A Aerospace & Corrosion International, Inc., Defendants-Appellees- Cross-AppellantsCourt of Appeals for the Ninth Circuit · 1993