DeRosa v. Buildex Inc. (In Re F & S Central Manufacturing Corp.)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding, for purposes of determining insider status under the Bankruptcy Code, that, under the terms of the stock purchase agreement, the defendant had the requisite control over the debtor to be an insider
• balance sheet which does not indicate that debtor’s assets were valued at fair value has no probative weight for determining insolvency notwithstanding the fact that it was in accordance with generally accepted accounting principals
• the control exercised by an insider need not be absolute
• similar holding in a case brought under section 547(b)

Source: CourtListener parenthetical corpus (CC0).