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IN RE BAYOU GROUP, LLC

Nos. 06-22306 (ASH), 09 Civ. 02577 (PGG), 09 Civ. 02313 (PGG), 09 Civ. 02340 (PGG), 09 Civ. 02343 (PGG), 09 Civ. 02345 (PGG), 09 Civ. 02347 (PGG), 09 Civ. 02351 (PGG), 09 Civ. 02353 (PGG).

439 B.R. 284 (2010)

In the matter of BAYOU GROUP, LLC, et al., Debtors. Christian Brothers High School Endowment, Appellant, v. Bayou No Leverage Fund, LLC, Appellee. Redwood Growth Partners, Appellant, v. Bayou Accredited Fund, LLC, Appellee. D. Canale Beverages, Inc., Appellant, v. Bayou Superfund, LLC, Appellee. Heritage Hedged Equity Fund, L.P., Appellant, v. Bayou Superfund, LLC, Appellee. John D. Canale, III, Appellant, v. Bayou Superfund, LLC, Appellee. Mary P. Smythe Residuary Trust, Appellant, v. Bayou Superfund, LLC, Appellee. Marvin E. Bruce Living Trust, Appellant, v. Bayou Superfund, LLC, Appellee. Freestone Low Volatility Partners, LP, Appellant, v. Bayou Accredited Fund, LLC, Appellee.

United States District Court, S.D. New York.

September 17, 2010.

MEMORANDUM OPINION AND ORDER

PAUL G. GARDEPHE, District Judge.

These eight appeals arise from adversary proceedings Bayou Hedge Funds (the "Funds," "Bayou," or "Debtors") brought under §§ 548(a) and 544 of the Bankruptcy Code and §§ 273-76 of the New York Debtor and Creditor Law ("DCL") to recover —as fraudulent conveyances—...

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