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).