Illinois Uniform Fraudulent Transfer Act displaced related claims

Trial Notebook

By Steven P. Garmisa

Hoey & Farina

Posted May 4, 2020 11:27 AM

Reviewing the conflicting precedent on the validity of complaints that try to extend the reach of the Illinois Uniform Fraudulent Transfer Act with claims for conspiracy to commit fraud and aiding and abetting fraud, U.S. District Judge Robert M. Dow Jr. — ruling in a case where D.A.N. Joint Venture III paid $15,000 for an assignment of a bankruptcy trustee’s right to pursue claims for recovery of $2 million that was allegedly transferred fraudulently by a Chapter 7 debtor with help from a former partner at a …

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