Preliminary Injunction Sought Against Kane Kessler Clients Denied

On November 22, 2024, the Orange County Supreme Court in California denied a motion for a preliminary injunction brought by a plaintiff who accused two Kane Kessler clients of orchestrating a fraudulent transfer to place assets out of the reach of the plaintiff creditor.  Among other things, the Court found that plaintiff failed to make a showing of imminent harm in the absence of injunctive relief and failed to show a likelihood of success on the merits because it was unable to demonstrate that the transaction was not for “reasonably equivalent value.”  Jeffrey H. Daichman of the Firm’s Litigation Department represented the clients.