Robinson v. Home Savings of America (In Re Concord Senior Housing Foundation)

How courts have described this case

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

• holding that fiduciary who misappropriated funds for his own use became the initial transferee
• managing agent of debtor “exercised sufficient control over ...” [certificate of deposit funded with debtor’s revenues but held on account of his management company] to make him a transferee, when he pledged certificate of deposit to secure his personal debts
• subsequent transferee with knowledge or reason to know that initial transfer was an unauthorized one from bankruptcy estate lacks good faith
• principal is initial transferee where principal pledged funds transferred to certificate of deposit as security for personal loans

Source: CourtListener parenthetical corpus (CC0).