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intended decision that the class was entitled to rescission and
compensatory and punitive damages; judgment was entered against
petitioner on January 2, 1981, for $6,742,994.2 To create a lien
on his property, the plaintiffs (sometimes called the Danzig
claimants) filed transcripts of the judgment in various counties
in which petitioner owned real estate (judgment liens).
Shortly after the superior court issued its notice of
intention, the plaintiffs discovered that petitioner had been
transferring mineral interests to his wife since the trial in the
Danzig case had ended. In what they called a “consistent pattern
of transfers” designed to make “enforcement of the California
judgment extremely difficult”, the plaintiffs motioned the
superior court to amend its judgment to include Mrs. Grynberg,
relieving the plaintiffs of the burden and expense of litigating
fraudulent conveyance actions. On February 4, 1981, the superior
court granted the motion, nunc pro tunc, and entered judgment
against Mrs. Grynberg for $6,322,546.
The Danzig case generated many motions and appeals in what
had become a bitterly contested action. On February 20, 1981,
before the class members could collect on the judgment, the
Grynbergs each filed a chapter 11 petition for reorganization in
the U.S. Bankruptcy Court for the District of Colorado. The
2Dollar amounts are rounded to the nearest dollar.
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