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NMTC Dismisses the Complaint Against Jones & Associates Client

Washington, March 5, 2016 – Jones & Associates successfully defended its client, a service provider in the medical industry (the defendant). The lawsuit was initiated by Mark Calvert, the liquidation trustee of the Debtor Natural Molecular Testing Corporation (NMTC) against the defendant in the U.S. Bankruptcy Court for the District of Washington. The Trustee agreed to voluntarily dismiss the complaint for less than 5% of the claim amount without waiver of claims as Jones & Associates successfully proved that the alleged transfers were not fraudulent pursuant to Sec. 548 of the Bankruptcy Code.


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Firm’s representation is past cases.
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Learn more about Jones & Associates.

Jones & Associates Wins for a US Air Transit Services Company – Case Dismissed for Zero Payment

Delaware, March 7, 2016 – Jones & Associates successfully defended its client, a US air transit services company. Debtor Global Aviation Holdings Inc., through its subsidiaries, was a provider of customized, non-scheduled passenger and cargo air transport services worldwide. The Trustee for the Debtor, Alfred T. Giuliano, brought a lawsuit against our client, the Defendant, in the U.S. Bankruptcy Court for the District of Delaware, to recover a five figure amount, covering operation cost reductions and overpayment of taxes allegedly made by one of the Debtors, World Airways to the Defendant. The firm successfully established to the Plaintiff’s counsel that the disputed payments were made to the UK Company and not the Defendant, which is a US corporation. We argued that the Defendant was not a creditor or a transferee of the funds, and therefore, the Debtor had no recourse against the Defendant for the avoidance of the alleged transfers. The Trustee dismissed the case for no payment.


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Learn more about our network of counsels.
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Here are the latest case news.
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Firm’s representation is past cases.
Watch our latest videos.
See all our references.
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Learn more about Jones & Associates.

Jones & Associates Wins for a Service Provider in Medical Industry. – Case Dismissed for Less Than 5% of the Claim Amount

Washington, February 9, 2016 – Jones & Associates successfully defended its client, a service provider in the medical industry. Debtor Natural Molecular Testing Corporation (NMTC) was a clinical laboratory incorporated in 2008 to provide highly specialized laboratory testing services. The lawsuit was initiated by Mark Calvert, the liquidation trustee of the Debtor against our client, the Defendant in the U.S. Bankruptcy Court for the District of Washington. The Defendant sold services to the Debtor in the form of doing tests. Jones & Associates successfully established that the Defendant provided reasonably equivalent value to the Debtor in exchange for the transfers received; hence the alleged transfers were not recoverable as fraudulent under Sec.548 of the Bankruptcy Code. The firm successfully argued that the transactions were made pursuant to an arms-length agreement and that the Defendant’s terms with other similarly-situated companies were not different from that with the Debtor. The Trustee agreed to dismiss the case for less than 5% of the $180k claim amount.


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Learn more about our network of counsels.
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Here are the latest case news.
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Firm’s representation is past cases.
Watch our latest videos.
See all our references.
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Learn more about Jones & Associates.

THQ Inc. Voluntarily Dismisses the Complaint Against Jones & Associates Client

New York, February 1, 2016 – Jones & Associates successfully defended its client, (the Defendant), a marketer and distributor of Video Games, in a clawback action. The lawsuit was initiated by the Debtor plaintiff THQ Inc. against the Defendant in the U.S. Bankruptcy Court for the District of Delaware. The Trustee sought to avoid and recover as preference payments that the Debtor paid to the Defendant during the 90 days before filing of the bankruptcy petition. The Trustee agreed to voluntarily dismiss the complaint. In a position statement prepared by Jones & Associates, Jones & Associates argued that the alleged transfers were within the ordinary course and that the Defendant merely acted as a conduit with respect to the transfer of payments.


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Here are the latest case news.
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Firm’s representation is past cases.
Watch our latest videos.
See all our references.
Learn more about Jones & Associates.
Learn more about Jones & Associates.

Furniture Brands International Wind Down Dismisses the Complaint Against Jones & Associates Client

Delaware, January 20, 2016 – Jones & Associates successfully defended its clients, (the defendants), the companies engaged in the selling of surface finishing products, in a preference clawback action. The lawsuit was initiated by Furniture Brand International Wind Down, Inc. Liquidating Trust, by and through Alan D. Halperin, as the Liquidating Trustee of the bankruptcy Debtor FBI Wind Down, Inc. (formerly known as the Furniture Brands International, Inc.) against the Defendants in the U.S. Bankruptcy Court for the District of Delaware. The Trustee agreed to voluntarily dismiss the complaint. The adversary proceeding against the defendant was eventually closed on January 20, 2016.


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Learn more about our network of counsels.
Learn more about Jones & Associates.
Here are the latest case news.
Here are the clawback news.
Firm’s representation is past cases.
Watch our latest videos.
See all our references.
Learn more about Jones & Associates.
Learn more about Jones & Associates.

Jones & Associates Wins for Rich Little – Case Dismissed for No Payment

New Jersey, January 19, 2016 – Jones & Associates successfully defended its client Mr. Richard Caruthers “Rich Little”, the celebrity impressionist, in a preference clawback action. The lawsuit was initiated by Alfred T. Giuliano, the liquidation trustee of the bankruptcy Debtor RIH Acquisitions NJ, LLC against the artist’s corporation, Rich Little Productions, Inc. in the U.S. Bankruptcy Court for the District of New Jersey (Camden). The Position Statement prepared by the law firm stated in detail the arguments and case law in support of the available defenses of contemporaneous exchange for a new value under Sec. 547(c) (1) and the ordinary course of business under Sec.547(c)(2)(A).


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