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IN RE PARK SOUTH SECURITIES, LLC.

No. 03-8024RDD, Adv. No. 04-4272RDD.

326 B.R. 505 (2005)

In re: PARK SOUTH SECURITIES, LLC, Debtor. Irving H. Picard, Trustee for the Liquidation of Park South Securities, LLC, Plaintiff, v. Laurance Taylor and Patricia Taylor Defendants.

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

April 8, 2005.

Attorney(s) appearing for the Case

Paduano & Weintraub, LLP, New York City, by Leonard Weintraub, for the Defendants.

Gibbons, Del Deo, Dolan, Griffinger & Vecchione, Newark, NJ, by Gerlandine E. Ponto, for the SIPA Trustee.

Trustee for Park South Securities, by Irving H. Picard.

Securities Investor Protection Corporation, by Kevin H. Bell.

MEMORANDUM OPINION AND ORDER ON DEFENDANTS' MOTION TO DISMISS THE COMPLAINT

ROBERT D. DRAIN, Bankruptcy Judge.

In his complaint in this adversary proceeding (the "Complaint"), Irving H. Picard, as trustee (the "Trustee") under the Securities Investor Protection Act ("SIPA"), 15 U.S.C. §§ 78aaa et seq. ("SIPA"), for Park South Securities, LLC ("Park South" or the "Debtor"), seeks under various fraudulent transfer statutes, as well...

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