Scholes v. African Enterprise, Inc.

MEMORANDUM OPINION AND ORDER

ALESIA, District Judge.

At issue in this case is whether an equity receiver for certain defunct entities has asserted cognizable claims on behalf of the entities to recover funds allegedly fraudulently transferred by a principal of the entities to the defendants. In his First Amended Complaint, plaintiff Steven S. Scholes, as Receiver (“the Receiver”) for Michael S. Douglas, D & S Trading Group, Ltd. (“D & S”), Analytic Trading Systems, Inc. (“AT Systems”), Analytic Trading Service, Inc. (“AT Service”), and Market Systems, Inc. (“MSI”), collectively referred to as…