Setting Aside Fraudulent Corporation Transfers After Obtaining a Judgment In a Different District
In Star Insurance Co. v. Risk Marketing Group, Inc., 507 F. Supp. 2d 942 (N.D. Ill. 2007), aff'd, 561 F.3d 656 (7th Cir. 2009), the plaintiff insurers, after having obtained a judgment in a different district court against the defendant corporations, brought a proceeding to enforce the judgment and set aside fraudulent transfers. the court held that the insurers met their burden to show fraud under the Uniform Fraudulent Transfer Act where the same individual was the president of the transferee corporation and controlled the defendant corporations. Star Insurance Co., 507 F. Supp. 2d at 947.
Further, the transfers were made shortly before the defendants became insolvent. Star Insurance Co., 507 F. Supp. 2d at 947.