MFS/Sun Life Trust-High Yield Series v. Van Dusen Airport Services. Co.

How courts have described this case

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

• noting that “the sale of one’s ownership of a business does not raise an inference of fraud”
• finding that an unproven tax benefit and a $10 million reasonably equivalent value of revolving credit line could not be reasonably equivalent to $26.8 million in net additional debt
• stating that for capital adequacy, “a court must consider the reasonableness of the company’s projections, not with hindsight, but with respect to whether they were prudent when made”
• finding collapsing an LBO appropriate where \all parties to each subsidiary transfer were aware of the overall leveraged buyout\
• considering external factors affecting a company when assessing adequacy of capital
• “Policy issues aside, there is nothing in the language of fraudulent conveyance statutes that renders them inapplicable to LBOs.”

Source: CourtListener parenthetical corpus (CC0).