Metcalf v. Golden (In Re Adbox, Inc.)
Court of Appeals for the Ninth Circuit
1Opinion of the Court
MILAN D. SMITH, JR., Circuit Judge.
Appellants Donald and Janet Metcalf were the primary financial backers of a start-up company named Adbox, Inc. In 1998, the Metcalfs agreed to sell their interest in Adbox to Christer Wernerdal, but Wernerdal soon failed to make payments required by the sales agreements. Wernerdal brought a lawsuit against the Metcalfs and later took Adbox into bankruptcy. The bankruptcy trustee initiated a preference action to recover a $21,035.58 payment from Adbox to the Metcalfs, and the Metcalfs filed a counterclaim against the trustee. The Metcalfs argued that the…
2Cases cited13 opinions
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- Pioche Mines Consol., Inc. v. Fidelity-Philadelphia Trust Co.Court of Appeals for the Ninth Circuit · 1953
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