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To: nickcarraway

Sound ruling (from the article):

But in a 101-page decision, following a six-day trial in December, Furman said the transfers were a “discharge for value,” matching “to the penny” what the lenders were owed.

“The non-returning lenders believed, and were justified in believing, that the payments were intentional,” Furman wrote. “To believe otherwise - to believe that Citibank, one of the most sophisticated financial institutions in the world, had made a mistake that had never happened before, to the tune of nearly $1 billion - would have been borderline irrational.”


3 posted on 02/17/2021 10:47:04 AM PST by taxcontrol (You are entitled to your opinion, no matter how wrong it is.)
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To: taxcontrol

>>Sound ruling

Indeed, and rather surprising given that the judge is an Obama appointee.


5 posted on 02/17/2021 10:48:27 AM PST by vikingd00d (chown -R us ~you/base)
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