Janice M. Hinrichsen Inc. v. Messersmith Ventures, LLC

Janice M. Hinrichsen, Inc. (JMH) had a judgment against Risk Assessment and Management, Inc. (RAM) in a previous action. In the instant action brought under the Uniform Fraudulent Transfer Act (UFTA), JMH alleged that RAM had fraudulently transferred certain assets to Messersmith Ventures, LLC. The district court entered judgment in favor of JMH in the amount of $250. The Supreme Court affirmed in part and reversed in part, holding (1) the district court did not err when it implicitly found that, under the UFTA, a fraudulent transfer of assets had occurred; and (2) the monetary judgment awarded by the district court was not appropriate relief under the UFTA in this case, as the court instead should have ordered that MJH may levy execution on the assets that were transferred to Messersmith Ventures or the proceeds of such assets. View "Janice M. Hinrichsen Inc. v. Messersmith Ventures, LLC" on Justia Law