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Monday, September 15, 2014

GLOBE MOTOR COMPANY AND THE MARGOLIS LAW FIRM, LLC VS. ILYA IGDALEV AND JULIA IGDALEV A-0897-12T1

GLOBE MOTOR COMPANY AND THE MARGOLIS LAW FIRM, LLC VS. ILYA IGDALEV AND JULIA IGDALEV 
A-0897-12T1 

Plaintiffs' action sought enforcement of the terms of settlement, when a portion of the funds transferred by defendants in satisfaction of their obligations was reclaimed by a Chapter 7 Bankruptcy Trustee as a fraudulent transfer of the corporate debtor's funds. Defendant Ilya Igdalev certified the bank and certified checks he gave plaintiffs were sent by his friend, who was holding Ilya's money, which he was owed. In support of summary judgment, plaintiffs attached the Trustee's adversary proceeding, emails from bankruptcy counsel suggesting, after his review, settlement was appropriate, and the final settlement of the adversary proceeding.