Brining v. Donovan, et al. (Lawyers Weekly No. 09-020-18)
Trustee process attachments denied where no funds absolutely due defendant; spendthrift trust and contingent distributions bar attachment; fraudulent transfer claims require separate action.
Trustee process attachments denied where no funds absolutely due defendant; spendthrift trust and contingent distributions bar attachment; fraudulent transfer claims require separate action.
Court denied board motion to dismiss shareholder derivative action, finding board's rejection of demand to sue former director lacked good faith despite forensic investigation documenting substantial misappropriation.