Representation of Fund Management Company in Fraudulent Transfer Action

Represented two affiliates of Canyon Partners in connection with $36 million fraudulent transfer action brought by trustee of fraudulent real estate company managed by fraudster Ezri Namvar. The trustee alleged that the Canyon entities — which had provided tens of millions of dollars of financing to Namco affiliates — received fraudulent transfers when Namco repaid those debt obligations of its affiliates, since Namco was not contractually obligated to Canyon for those debts. Litigated the fraudulent transfer action, including on solvency grounds, and ultimately achieved a favorable settlement on the eve of trial.