Trustee Soneet R. Kapila for the substantively consolidated bankruptcy estate of Richert Funding, LLC and Dwight and Holly Richert sues Black Diamond Holdings, LLC and Black Diamond Financial Group, Inc.
Permian Crude Transport Trustee Indicts a Dallas-Based Energy Company for Alleged Fraudulent Payments Worth $11M
Plaintiff Daniel J. Sherman, as the duly appointed Chapter 7 trustee of the estate of Permian Crude Transport, L.P. charges Matador Resources Company for the avoidance and recovery of fraudulent transfers worth $11M under sections 24.005, 24.006, and 24.013 of the Texas Uniform Fraudulent Transfer Act and sections 544, 548, and 550 under title 11 of the Bankruptcy Code.
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 fraudulent transfers and breach of fiduciary duty.
Bankrupt GenCanna Sues Creditors For Unpaid Hemp Products, Seeks to Recover $1.7M For Alleged Unjust Enrichment and Breach
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.
Trustee Allan B. Mendelsohn Seeks a Declaratory Judgment to Recover Alleged Fraudulent Transfers in SRS Capital Bankruptcy Case
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.
Visium Technologies Asks $5M as Damages From Defendants For Alleged Reckless Filing of an Involuntary Bankruptcy Case
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.
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.
Argus Management Corporation Sues a Leading Gas and Fluid Control Solutions Provider for Alleged Breach of Contract
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 breach of contract and for indemnity of an escrow account.
Deposit Funds Held by a Non-Debtor Third Party Under Its Sole Control is Not An Estate Property, Alleges Plaintiff in Figueroa Mountain Brewing Bankruptcy Case
Plaintiff Pacific Beverage Company sues a private equity and debt investment firm to seek a declaratory judgment under Sec. 541 of the Bankruptcy Code in the bankruptcy case of Figueroa Mountain Brewing, LLC.
O.K. Cargo Corp Trustee Charges Insiders for Allegedly Diverting Debtor’s Money to Pay Their Personal Expenses and Non-Debtor Debts
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.