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Talen Montana Seeks to Clawback Alleged Fraudulent Transfers of $900 Million Made to Parent Companies

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May 10, 2022, Bankruptcy Court for the Southern District of Texas – Talen Montana, LLC (“Talen Montana” f/k/a PPL Montana, LLC) as debtor-in-possession files an adversary complaint against PPL Corp. (“PPL”), PPL Capital Funding, Inc. (“PPL Capital Funding”) et al. (collectively “Defendants”) to avoid “fraudulent transfers” of nearly $900 million made to the Defendants, which were […]
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Trustee for Health Diagnostic Laboratory Pursues “Subsequent Fraudulent Transfers” to Murray Baptist Church

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May 09, 2022, Bankruptcy Court for the Eastern District of Virginia – Richard Arrowsmith, in his capacity as Liquidating Trustee (“Trustee”) for Health Diagnostic Laboratory, Inc. et al. (“Debtors” or “HDL”), sues Lake Murray Baptist Church (“Lake Murray Church”) to recover “avoidable transfers”. The Trustee has, on later dates, filed similar adversary complaints against Nancy […]
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Trustee for Health Diagnostic Laboratory Pursues “Subsequent Fraudulent Transfers” to the Hands of Murray Baptist Church

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May 09, 2022, Bankruptcy Court for the Eastern District of Virginia – Richard Arrowsmith, in his capacity as Liquidating Trustee (“Trustee”) for Health Diagnostic Laboratory, Inc. et al. (“Debtors” or “HDL”), sues Lake Murray Baptist Church (“Lake Murray Church”) to recover “avoidable transfers”. The Trustee has, on later dates, filed similar adversary complaints against Nancy K. […]
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Hyundai Steel Demands Summary Judgment in Prime Metals Case

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May 05, 2022, United States Bankruptcy Court Central District of California – Defendant Hyundai Steel Company (“Hyundai”) seeks summary judgment, or in the alternative partial adjudication in the adversary proceeding filed against it in the bankruptcy case of the estate of Prime Metals, U.S.A., Inc. (“Prime”).   Richard A. Marshack, the Chapter 7 Trustee of the […]
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Stage Stores Sues Its Insurers For “Wrongful” Discounting of Its Insurance Claims

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May 09, 2022, Southern District of Texas – Steven Balasiano, in his capacity as the Plan Administrator of Stage Stores, Inc. and Specialty Retailers, Inc. (“Debtors”) files a complaint against certain Underwriters at Lloyd’s, London – Brit Syndicate 2987 and Brit Syndicate 2988 et al. (“Defendants”) alleging “breach of contractual obligations” under the insurance policies. The […]
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