In the high-stakes trial, Coan et al. v. Dunne et al., Attorney Thomas H. Curran, representing Chapter 7 Trustee Richard M. Coan, successfully exposed Irish developer Sean Dunne and his wife, Gayle Killilea’s unsuccessful attempt to escape to the United States amid financial pressures and their continuous failing efforts to circumvent creditors and transfer hundreds of millions of euros worth of assets for no consideration. During the 19-day trial, Dunne tried to force the narrative that the transfers were “gifts”; however, Attorney Curran produced evidence exhibiting Dunne’s secret ambitions to forego his business interest in Ireland, secretly move to the United States, and restart his development in southern Connecticut and New York. Further, Attorney Curran confirmed Dunne had made statements intending to hinder, delay, and defraud his creditors, even under oath. After five days of deliberation, the jury found that Dunne had engaged in fraudulent transfers under nine of the counts submitted, including the intentional and fraudulent transfer of an Irish property located at 81 North Wall Quay, violating the U.S. Bankruptcy Code. Attorney Curran weakened Dunne’s proclamation that the fraudulent assets and monies were made in exchange for “cooking the odd meal” and “ironing the odd shirt” and instead illustrated to the jury Dunne’s poor efforts to abuse the protections offered by the bankruptcy code. As a result, the jury verdict awarded more than Seventeen Million Euros (€17,000,000.00) and more than $278,000.00 in damages.
“Bankruptcy provides an immense privilege to a debtor: the ability to get a fresh start having been relieved of all their debts. In return for this, the bankrupt is expected to be honest,” reflects Thomas H. Curran.
You can read the full article at: https://thcalaw.com/bankruptcy-attorney-litigation-attorney/curran-antonelli-llp-obtains-19-4-million-euro-federal-court-fraudulent-transfer-judgment-on-jury-verdict-for-chapter-7-trustee/