DVI Trustee To Take Merrill To Trial Over Transfers

Law360, New York (April 8, 2011, 8:06 PM EDT) -- A Delaware bankruptcy judge cleared the way Thursday for DVI Inc.'s trustee to go to trial against Merrill Lynch & Co. over tens of millions of dollars Merrill received from the health care finance company in the weeks before its bankruptcy.

Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware partially granted Merrill’s motion for summary judgment, letting the trustee go forward with allegations that Merrill made a “money grab” as DVI spiraled toward Chapter 11 in 2003.

The trustee launched...
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