Dismissed For No Payment
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.