Case Study: Onkyo Electronics V. Global Technovations

Law360, New York (September 14, 2012, 2:28 PM EDT) -- On Sept. 13, 2012, the U.S. Court of Appeals for the Sixth Circuit became the first circuit court to opine on whether Stern v. Marshall, 131 S. Ct. 2594 (2011), permits a bankruptcy court to fully adjudicate and enter final judgment in a fraudulent transfer action.

In Onkyo Europe Electronics GMBH v. Global Technovations Inc. No. 11-1582, the Sixth Circuit concluded that the bankruptcy court had constitutional authority to enter a money judgment, for $6.1 million, against the defendants in an action brought by a Chapter...
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