The United States Bankruptcy Court for the Southern District of Indiana recently ruled in favor of a Mulvey Law client, after a three-day bench trial, on all claims of a former business partner who wrongfully alleged fraud, breach of fiduciary duty, and malicious injury to property. The Court found "no proof" of "improperly converted funds", that "the unrefuted evidence shows that [Mulvey Law client] managed [the company] properly and made a good faith effort to pay off its obligations, at times with his personal funds" and that "it is most likely [plaintiff, not Mulvey Law client] accessed the proceeds from [company funds] for his personal benefit." As a result, the plaintiff's claims, in excess of a million dollars, have been completely resolved in favor of Mulvey Law's client. See the attached for the full opinion, and contact Mulvey Law if you have a business dispute, particularly one relating to claims of nondischargeability in bankruptcy.
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AuthorJoseph Mulvey, Owner and Attorney. Archives
February 2018
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