DZ Bank AG Deutsche Zentral-Genossenschaft Bank v. Meyer
Court of Appeals for the Ninth Circuit
1Opinion of the Court
OPINION
PAEZ, Circuit Judge:
This case arises from a dispute between DZ Bank AG Deutsche Zentral-Genossen-schaftsbank (“DZ Bank”), as creditor, and Louis and Lynn Meyer (“the Meyers”), 1 as debtors. DZ Bank filed an adversary action against the Meyers in bankruptcy court, alleging that the Meyers had fraudulently transferred assets in order to place them out of the bank’s reach. The bankruptcy court agreed, but limited the judgment to the value of the assets that were directly traceable to DZ Bank’s security interest. The district court affirmed, reasoning that DZ Bank could not recover the…
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