IN RE VELUCHAMY

Nos. 15-2902, 15-2908, 15-3815, & 16-3496.

879 F.3d 808 (2018)

IN RE: Pethinaidu VELUCHAMY and Parameswari Veluchamy, Debtors. Bank of America, N.A., Derivatively on behalf of the estate of Pethinaidu and Parameswari Veluchamy, Plaintiff-Appellee, v. Arun K. Veluchamy, Anu Veluchamy, Pethinaidu Veluchamy, and Parameswari Veluchamy, Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided January 12, 2018.


Attorney(s) appearing for the Case

Abraham Brustein , Derek D. Samz , Attorneys, Dimonte & Lizak, Park Ridge, IL, for Debtors.

Devvrat Vikram Sinha , Ariel Weissberg , Attorneys, Weissberg & Associates, Ltd., Chicago, IL, for Defendants-Appellants.

Howard J. Roin , Frank Moon Dickerson, III , Thomas S. Kiriakos , Michele Odorizzi , Attorneys, Mayer Brown LLP, Chicago, IL, for Plaintiff-Appellee.

Before Manion and Kanne, Circuit Judges, and Miller, District Judge.


This is an appeal from the district court's decisions in bankruptcy adversary proceedings. Pethinaidu Veluchamy and Parameswari Veluchamy (collectively "senior Veluchamys") earned great wealth in various businesses. They acquired two banks in the 1990s and merged them. When this bank suffered financial problems, the senior...

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