MOHAMED POONJA, Trustee v. Teri H. Nguyen

NOT FOR PUBLICATION
UNITED STATES COURT OF APPEALS
FOR THE NINTH CIRCUIT
MOHAMED POONJA, Trustee,
Plaintiff - Appellee,
v.
TERI H. NGUYEN,
Defendant - Appellant.
No. 13-16196
D.C. No. 4:12-cv-05905-CW
MEMORANDUM*
Appeal from the United States District Court
for the Northern District of California
Claudia Wilken, Senior District Judge, Presiding
Submitted September 16, 2015 **
San Francisco, California
Before: CHRISTEN and FRIEDLAND, Circuit Judges and LEMELLE, *** District
Judge.
Mohamed Poonja, who is the chapter 7 trustee for First Financial Lender,
* This disposition is not appropriate for publication and is not precedent
except as provided by 9th Cir. R. 36-3.
** The panel unanimously concludes this case is suitable for decision
without oral argument. See Fed. R. App. P. 34(a)(2).
*** The Honorable Ivan L.R. Lemelle, District Judge for the U.S. District
Court for the Eastern District of Louisiana, sitting by designation.
FILED
SEP 23 2015
MOLLY C. DWYER, CLERK
U.S. COURT OF APPEALS

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initiated an adversary proceeding against Teri Nguyen, who is the President and
sole shareholder of First Financial. The adversary proceeding sought to recover an
allegedly fraudulent transfer. The bankruptcy court, following a trial, entered
judgment in favor of Poonja. We affirm.
Even assuming that the district court erred in imposing a sanction, Nguyen
was not prejudiced and any error was thus harmless. Poonja’s statement of facts,
which the bankruptcy court adopted, was substantially similar to those submitted
by Nguyen. Moreover, the bankruptcy court’s sanction did not affect which
exhibits were admitted into evidence. See Ford v. Alfaro, 785 F.2d 835, 839-40
(9th Cir. 1986).
Nguyen waived the issue of insolvency by stipulating to that effect on
multiple occasions in pretrial filings and in her trial brief. See CDN Inc. v. Kapes,
197 F.3d 1256, 1258-59 (9th Cir. 1999).
Because Nguyen conceded the issue of the debtor’s insolvency, she could
not have suffered any prejudice from admission of Poonja’s expert’s report even if
that report had contained inadmissible hearsay, as the expert report was relevant
only to the issue of insolvency.
Finally, the debtor received less than reasonably equivalent value in
exchange for the cancelled debt. The debtor was insolvent, so the value of
Nguyen’s equity interest in the debtor could not have been equivalent to the

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transferred property.
AFFIRMED.

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