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Cary Glickstein Charges Bonaventure 22 for $ 1.1M in Alleged Fraudulent Transfers, Argues That 160 Royal Palm At the Direction of Its Principal Purportedly Mislead Foreign Investors

June 22, 2021, Souther District of Florida – Cary Glickstein, solely in his capacity as the liquidating trustee of 160 Royal Palm, LLC (the “Debtor”), files a complaint against Bonaventure 22, LLC (the “Defendant”), alleging that within the six (6) years preceding the Debtors’ bankruptcy, the Debtor, acting at the direction of its principal Matthews, transferred at […]

Clawback Actions Initiated in Center City Healthcare, LLC Bankruptcy

June 28, 2021, District of Delaware – Last week, Plaintiffs Center City Healthcare, LLC d/b/a Hahnemann University Hospital (“CCH”) and SCHC Pediatric Associates, LLC (“SCHC,” and together with CCH, collectively, “Plaintiffs”), commenced over 100 adversary actions for avoidance and recovery of transfers under §§ 547, 548 & 550 and to disallow claims under 502(d) of the […]

Center City Healthcare Sues HRE Capital, LLC f/k/a Healthcare Real Estate LLC For $3Million in Alleged Fraudulent Transfers

June 28, 2021, District of Delaware – Plaintiffs Center City Healthcare, LLC d/b/a Hahnemann University Hospital (“CCH”) and SCHC Pediatric Associates, LLC (“SCHC,” and together with CCH, collectively, “Plaintiffs”) recently sued Defendant HRE Capital, LLC f/k/a Healthcare Real Estate LLC for avoidance and recovery of alleged fraudulent transfers worth $3Million in the bankruptcy case of Center […]

New Adversary Proceedings Initiated in Quality Tile & Marble Distributors Bankruptcy

June 24, 2021, Southern District of Florida – Plaintiff Trustee Jacqueline Calderin for the bankruptcy estate of Quality Tile & Marble Distributors, LLC ( “Debtor”) recently initiated about 20 clawback actions to avoid and recover fraudulent transfers worth over $600k from several creditors under sections 544, 548 and 550 of the Bankruptcy Code, Chapter 726 […]

Breakwater Credit Opportunities Fund & Others Move for Partial Summary Judgment On Plaintiff’s Complaint to Recover $1M For Alleged Breach of Fiduciary Duty & Fraud in Old LC, Inc., et al Bankruptcy

June 17, 2021, District of Delaware – Last week, Defendants Breakwater Credit Opportunities Fund, L.P., Saif Mansour, Aamir Amdani, Eric Beckman, Darrick Geant, and Joseph Kaczorowski (together with Breakwater, the “Movants”) moved for partial summary judgment on the complaint brought by Official Committee of Unsecured Creditors of Old LC, Inc., Old LC Holdings, Inc.; Old […]

McAnney Brothers File a Motion to Dismiss BG Petroleum Trustee’s Complaint, Alleges Complaint Has No Factual Allegations & is Speculative

 June 16, 2021, Western District of Pennsylvania – McAnney Brothers, Inc. ( “Defendants” or “McAnney Brothers”) recently filed a motion to dismiss Trustee Lisa M. Swope and Timco Ltd’s complaint in the bankruptcy case of BG Petroleum, LLC. The Trustee’s complaint brings alleged charges against McAneny Brothers, Inc. in the four causes of action:  (i) Count […]

Trustee James A. Overcash Sues Rojana Enterprises To Recover Alleged Fraudulent Transfer of Real Property in Pinnacle Regional Hospital’s Bankruptcy Case

June 18, 2021, District of Kansas – Plaintiff James A. Overcash, as a Chapter 7 Trustee of Rojana Realty Investments, Inc. sues Rojana Enterprises, Inc. (“REI”) to avoid and recover fraudulent transfers of real property pursuant to sections 502, 548 and 550 of the Bankruptcy Code in the bankruptcy case of Pinnacle Regional Hospital, Inc. et […]

Gold Depot Seeks Dismissal of Donna Lieberman’s Complaint to Recover $9.9 M as Clawback Transfers in Miami Metals I, Inc. Case

June 14, 2021, Southern District of New York – Last week, Defendant Gold Depot, Inc. (“Gold Depot”) moves under Rule 7012 of the Federal Rules of Bankruptcy Procedure to dismiss an adversary action filed by Donna Lieberman in her capacity as a litigation trustee of the Miami Metals Litigation Trust to avoid and recover clawback […]

“Actions A Corporate Fiduciary Takes Under A Contract With His Corporation May Breach The Contract Itself, But It Does Not Breach Its Duties to the Corporation “, Illinois Bankruptcy Court Dismisses Trustee Goldstein’s Complaint For Breach Of Fiduciary Duty & Fraudulent Transfer

May 17, 2021, Northern District of Illinois – Debtor VitaHEAT Medical, LLC manufactured and sold medical products. Defendant William Haas was the director of the Debtor, and his company, Defendant Thinheat, LLC, was one of the Debtor’s members. Thinheat owned several patents and in 2012 issued a patent license to the Debtor. Six years later, […]

Michael L Einterz of Einterz and Einterz Appointed as a Special Counsel in Gudorf Supply Company, Inc. Bankruptcy

June 16, 2021, Southern District of Indiana – On June 16, 2021, the United States Bankruptcy Court for Southern District of Indiana approved the employment and retention of Michael L Einterz of Einterz and Einterz as a special counsel to the Gudorf Supply Company, Inc. (“Debtors”) in its bankruptcy case (Case number : 21-70158-AKM-11) Earlier last month, […]

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