Daily Archives: Saturday, June 5, 2021

Posted: June 5, 2021

Brokers Not Transferees for Purposes of Fraudulent Conveyance Claim

On June 1, 2021, the First Department issued a decision in McCormack Family Charitable Found. v. Fidelity Brokerage Servs., LLC, 2021 NY Slip Op. 03414, holding that brokers were not transferees for purposes of a fraudulent conveyance claim, explaining: The brokers were not transferees as contemplated by Debtor and Creditor Law § 276. A defendant... Read more »