Court Smashes Tousa $480M Disgorgement Order

By Samuel Howard · February 11, 2011, 8:20 PM EST

A federal judge has returned $480 million to lenders that financed a joint venture with fallen homebuilder Tousa Inc., flaying a bankruptcy court for treating the payment as a fraudulent transfer...

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Case Information

Case Title

Senior Transeastern Lenders v. Official Committee of Unsercured Creditors et al

Case Number

0:10-cv-60017

Court

Florida Southern

Nature of Suit

Bankruptcy Appeal (801)

Date Filed

January 05, 2010