Granfinanciera, S.A. v. Nordberg

492 U.S. 33 (1989)


Chase & Sanborn Corporation filed for bankruptcy under Chapter 11 in 1983. Nordberg was the trustee in bankruptcy and all causes of action for fraudulent conveyances vested in him. Nordberg (P) filed a suit against Granfinanciera (D) in that D had received $1.7 million from Chase & Sanborn within one year from the date its bankruptcy petition was filed without receiving consideration or reasonably equivalent value in return. D requested a trial by jury. That was denied by the bankruptcy judge. The judge held that the bankruptcy courts were just like administrative agencies and thus were outside the grasp of the Seventh Amendment. P prevailed at the trial and recovered a judgment for $1.68 million. D appealed. The Court of Appeals affirmed. The Supreme Court granted certiorari.