Leading Edge Logistics – Preference Actions Filed
May 17, 2016, Delaware – Alfred Giuliano, the Chapter 7 Trustee for the bankruptcy estate of Leading Edge Logistics, LLC (Debtor) filed approximately 80 complaints during the second week of May 2016. The Trustee initiated the lawsuits in the U.S Bankruptcy Court for the District of Delaware and argued that the assets held by the defendants belonged to the Debtor and that the payments received by various defendants are avoidable and subject to recovery under 11 U.S.C. § 547 of the bankruptcy code. The avoidance actions have been initiated primarily against transportation companies that had served as subcontracted carriers for the Debtor in the period leading up to its bankruptcy.
The Debtor filed for protection under Chapter 7 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware in May 2014. Prior to the petition date, the Debtor was a privately-held global logistics management company that provided truckload transportation, specialized heavy haul transportation, freight forwarding, international shipping, intermodal, air/ocean, contract carriage, and warehousing.
The Debtor’s preference actions are pending before the Honorable Judge Mary F. Walrath. The Trustee is represented by the law firm Subranni Zauber LLC. The Debtors cases are administered under Case no. 1:14-bk-11260.
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