$47.4 Million
Fraudulent Transfer
Arkansas jury awarded $47.4 million to bankruptcy trustee on a claim for a fraudulent transfer. On June 24, 2008, Plaintiff Equity Media Holdings sold its rights to the Retro Television Network, Inc., a network that broadcasted television programs from the 1960s, 70s, 80s and 90s. The rights were sold to Luken Communications, LLC for $18.5 million,…