Cordes & Company, LLC v. Mitchell Companies, LLC

MEMORANDUM. OPINION & ORDER

RUBEN CASTILLO, District Judge.

Cordes & Company, LLC (the “Receiver”) was appointed by a Minnesota state court to serve as receiver for a group of entities (the “Receivership Entities”) that took millions of dollars from investors whom they have failed to repay. In this action, the Receiver seeks to recover funds that were allegedly fraudulently transferred by two of the Receivership Entities — J & J Investment Properties of Minnesota, LLC (“J & J”) and National Real Estate Assignments, LLC (“NREA”) — to The Mitchell Companies, LLC (“TMC”) and its owner Guy Mitchell…