Wiand Ex Rel. Valhalla Investment Partners, L.P. v. Lee

How courts have described this case

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

• holding that a 15 receiver has standing to sue on behalf of the receivership entities for fraudulent transfers 16 even where the bad actor controlled and managed the receivership entities
• explaining that Florida law on prejudgment interest applied where the district court exercised supplemental jurisdiction over the receiver’s FUFTA claim
• observing that “Florida courts have awarded prejudgment interest . . . on unjust enrichment claims as a matter of course”
• explaining that equitable factors guide a district court’s decision on whether to award prejudgment interest or to reduce the amount of interest
• relying on Cunningham for the proposition that Ponzi schemes are “insolvent and become more insolvent with each investor payment”
• applying the Ponzi scheme presumption in a fraudulent transfer action brought by a receiver under Florida’s Uniform Fraudulent Transfer Act

Source: CourtListener parenthetical corpus (CC0).