Stillwater Liquidating v. Chernyakova CA2/3

INTRODUCTION

Plaintiff Stillwater Liquidating, LLC (Stillwater) is a fiduciary that was formed to pursue claims on behalf of a financial company and a group of investment funds. Stillwater sued Yevgeniya Chernyakova, who is the administrator of the estate of Mark Buntzman, and several entities that Buntzman owned and controlled during his life. Stillwater alleged Buntzman and his entities received, through fraudulent transfers, title to several parcels of real property and the proceeds from the sale of one parcel of real property, all of which once belonged to the financial company’s and the investment funds’ debtors. The trial court sustained the defendants’ demurrer to the operative first amended complaint, finding, among other things, that several of Stillwater’s fraudulent transfer claims were time- barred and that, in any event, Stillwater failed to allege any of the subject properties were transferred by one of the investment funds’ or the financial company’s debtors to one of the defendants in this case. The court granted Stillwater leave to amend some of its claims. After Stillwater elected not to file an amended complaint, the court entered judgment dismissing the…