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Bankrupt GenCanna Sues Creditors For Unpaid Hemp Products, Seeks to Recover $1.7M For Alleged Unjust Enrichment and Breach

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Bankrupt hemp-derived cannabinoids company OGGUSA, Inc. (f/k/a GenCanna Global USA, Inc.) recently initiated adversary proceedings against five defendants, alleging breach of contract and unjust enrichment.
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Bankrupt GenCanna Sues Creditors For Unpaid Hemp Products, Seeks to Recover $1.7M For Alleged Unjust Enrichment and Breach

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Bankrupt hemp-derived cannabinoids company OGGUSA, Inc. (f/k/a GenCanna Global USA, Inc.) recently initiated adversary proceedings against five defendants, alleging breach of contract and unjust enrichment.
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Trustee Allan B. Mendelsohn Seeks a Declaratory Judgment to Recover Alleged Fraudulent Transfers in SRS Capital Bankruptcy Case

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Plaintiff Trustee Allan B. Mendelsohn for SRS Capital Funds, Inc. sues Defendant, Y.S.S.S. LLC to avoid and recover certain amounts transferred to Defendant within four (4) years before the filing of the bankruptcy petition, as fraudulent conveyances.
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Dismissed For No Payment

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The Debtors were engaged in the business of manufacturing and distributing soft surface floor covering based in Georgia. The Defendant, our client, is a not-for-profit shippers association based in Minnesota. The Defendant provided freight services to the Debtors.
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Tiger Oak Media Trustee Prosecutes Debtor’s CEO For Alleged Breach of Fiduciary Duty

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Trustee Edwin H. Caldie for the estate of Tiger Oak Media, Inc. recently commenced an adversary proceeding against the Debtor’s CEO, Craig Bednar for alleged breach of fiduciary duty and fraudulent transfers
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More than 40 Adversary Proceedings Initiated in Achaogen, Inc. Bankruptcy Case

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Trustee Edward E. Neiger of the Achaogen Plan Trust, formed in connection with the bankruptcy case of Achaogen, Inc, initiated adversary proceedings against approximately forty-two defendants last week.
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A Florida Court Rules in Favor of a Title Insurance Company Because Plaintiff Failed to Meet His Burden of Proof on Issue of Reasonably Equivalent Value

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The Court ruled that a debtor's transfer of assets to a defendant was not avoidable as a fraudulent transfer under 11 U.S.C.S. § 548 and Fla. Stat. §§ 726.105, 726.106, because the debtor transferred tangible assets in exchange for the defendant's assumption of debtor's title insurance policy liabilities.
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Visium Technologies Asks $5M as Damages From Defendants For Alleged Reckless Filing of an Involuntary Bankruptcy Case

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Recently, Visium Technologies, Inc. commenced an adversary proceeding against three companies and their principals to seek damages due to alleged improvident, bad faith, wrongful, reckless filing of an involuntary bankruptcy case.
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Argus Management Corporation Sues a Leading Gas and Fluid Control Solutions Provider for Alleged Breach of Contract

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Argus Management Corporation, as a Liquidating Trustee of the Taylor Wharton International Liquidating Trust, recently brought a complaint against Sherwood Valve Products and others for alleged breach of contract and for indemnity of an escrow account.
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O.K. Cargo Corp Trustee Charges Insiders for Allegedly Diverting Debtor’s Money to Pay Their Personal Expenses and Non-Debtor Debts

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Trustee Drew M. Dilworth sues Defendants DFS Services, LLC and Discover Bank, alleging that the insiders allegedly diverted the Debtor’s monies to pay their personal expenses as well as debts of their other companies from the Debtor's account.
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