171097P.pdf   11/20/2018  John Stoebner  v.  Opportunity Finance, LLC
   U.S. Court of Appeals Case No:  17-1097
   U.S. District Court for the District of Minnesota - Minneapolis   
   [PUBLISHED] [Loken, Author, with Gruender and Erickson, Circuit Judges] 
   Bankruptcy Case - fraudulent transfers. On appeal from dismissal of claims 
   brought by Trustee against defendants seeking to avoid as fraudulent 
   transfers under the Minnesota Uniform Fraudulent Transfer Act loan 
   payments debtor made to financial lenders prior to bankruptcy petition, 
   the bankruptcy court and the district court did not err dismissing the 
   claims of actual and constructive fraud. The trustee erred in failing to 
   adequately pleading claims under the MUFTA and instead relied on the 
   "ponzi" scheme presumption rejected by the Minnesota Supreme Court, 
   requiring each transaction to be analyzed individually. The district court 
   also did not abuse its discretion in denying leave to file a third amended 
   complaint. Because the dismissal of the claims were proper, it is 
   unnecessary to decide the standing issues.