If this blog were a dartboard, cases involving corporate and LLC governance issues would be at the bullseye. A bankruptcy case would be pretty far from the center, sometimes maybe even off the board.
With that perspective in mind, coupled with a dearth of bullseye type cases lately, this post is about the Fourth Circuit’s decision last Friday in United Rentals, Inc. v. Angell, affirming a decision from the Eastern District of North Carolina.
The decision concerned a bankruptcy trustee’s action to recover a preference paid to an equipment