Douglas F. Mann, Petitioner v. LSQ Funding Group, L.C.

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Case overview

Case Number:

23-425

Court:

Supreme Court

Nature of Suit:

Firms

  1. January 08, 2024

    Justices Reject Ch. 7 Trustee Bid For Ponzi Case Clawback

    The U.S. Supreme Court on Monday declined to hear the case of a Chapter 7 trustee who was rebuffed in his efforts to get $10.3 million from LSQ Funding Group LC, a creditor of a bankrupt staffing agency, after the trustee argued that he was not required to show harm to the estate to justify the clawback where fraud was involved.

  2. October 25, 2023

    Ch. 7 Trustee Asks High Court To Hear Ponzi Clawback Case

    The Chapter 7 trustee for a temporary staffing agency run as a Ponzi scheme asked the U.S. Supreme Court to take up his $10.3 million fraudulent transfer clawback suit, saying in a filing made public Wednesday the Seventh Circuit erred in finding that the estate must have suffered economic harm in order for the court to unwind the transfer.