Regions Bank v.Kaplan. Situations citing this situation

Regions Bank v.Kaplan. Situations citing this situation

II. MKI’s transfers to MIKA

A. The $73,973.21 “loan”

MKI transferred $73,973.21 to MIKA, plus the Kaplan events contend that MKI lent the funds to MIKA. Marvin concedes that MKI received no value from MIKA in substitution for the “loan.” (Tr. Trans. at 377-78) during the period of the transfer, MKI’s assets comprised counter-claims against areas and cross-claims contrary to the Smith events, who have been the Kaplan events’ co-defendants action. (Tr. Trans. at 379) MKI won a judgment from the Smith parties for over $7 million bucks, but Regions defeated MKI’s counterclaims.

Marvin cannot remember why MKI “loaned” almost $74,000 to MIKA but provides two opportunities: ” we’m certain MIKA needed to purchase one thing” or “MIKA had expenses, we had most likely large amount of expenses.” (Tr. Trans. at 377)

The testimony that is credible one other evidence reveal that MKI’s judgment contrary to the Smith events is worthless. Expected in a deposition about MKI’s assets during the right period of the transfer to MIKA, Marvin neglected to say the claims (Tr. Trans. at 379-80), a startling oversight in view of Marvin’s contention that the worthiness regarding the judgment contrary to the Smiths surpasses the worthiness of this paper on that the judgment had been printed.