New Cases

Liquidating Trustee for the Fresh Acquisitions, LLC seeks Declaratory Relief over Rights and Claims under Disputed Agreement

May 16, 2022 admin

May 02, 2022, Northern District of Texas – David Gonzales, the Liquidating Trustee for the Fresh Acquisition Liquidating Trust, files a complaint against Planned Administrators, Inc., JLL Consultants, Inc. and Meta Advisors, LLC for a declaratory relief determining the rights, claims and interests under the disputed agreement. The Trustee claims that all causes of […]

Baybridge seeks Specific Performance for Contractual Liabilities of Sunset LG Realty LLC

May 16, 2022 admin

May 04, 2022, Eastern District of New York – Baybridge LOK Holdings, LLC (“Plaintiff/Debtor”) files a complaint against Sunset LG Realty LLC (“Defendant”) for specific performance and declaratory relief. The complaint states that Debtor Baybridge (as the “Buyer”) and Sunset (as the “Seller”), entered into an Agreement for Purchase and Sale of Real Property […]

Venture Resources and John Rainaldi Claim Indemnification for “Motiva claims”

May 16, 2022 admin

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May 02, 2022, District of Columbia – Venture Resources Consulting, LLC (“VRC”), John Rainaldi (“Mr. Rainaldi”) and Mr. Rainaldi in his capacity as trustee of the Rainaldi Family Trust (the “Trust”) (collectively referred to as “Plaintiffs”) brought a complaint against Marc Albert, in his official capacity as trustee (the “Trustee”) of the bankruptcy estate of […]

Synchrony Sued for Receiving Alleged “Fraudulent Transfers” from V-Twin Concepts, LLC

May 16, 2022 admin

May 03, 2022, Southern District of Florida – Chad S. Paiva, the Trustee for the V-Twin Concepts, LLC (“Debtor”) prefers a complaint against Synchrony Financial and Synchrony Bank (“Defendants”) to avoid and to recover alleged “constructive fraudulent conveyances”. The Trustee avers that the Debtor “never used” a payroll company or kept any accounting ledgers and […]

Ford Motor’s Motion to Compel Trustee Burdensome, Holds a Texas Bankruptcy Court

May 12, 2022 admin

October 29, 2021, Northern District of Texas – Defendant Ford Motor Credit recently filed a motion to compel Trustee Dennis Faulkner, for the bankruptcy estate of Reagor Dykes Motors, LP, to respond to its requests for interrogatories and production of documents. The Court found that the interrogatories and requests objected to by the Trustee sought information […]

Giuliano Sues to Recover Amounts Allegedly Owed for Use of Art Van Trademarks

May 10, 2022 admin

May 9, 2022, Delaware – Alfred T. Giuliano, the chapter 7 trustee of the Debtors Start Man Furniture, LLC et al., formerly known as Art Van Furniture, LLC, brought a complaint against Simpson Furniture Company for turnover of amounts allegedly owed to the debtors under a franchise agreement. Giuliano contends that pursuant to the agreement, […]

Alleged Breach of Contract Charges Against Galaxy Theatres

May 9, 2022 admin

September 15, 2021, Central District of California – Debtor Cinema Square, LLC seeks damages worth $1,199,296.00 from Defendant Galaxy Theatres Atascadero, LLC concerning an alleged breach of a lease agreement to rent a multi-complex theatre. Allegedly, Cinema and Galaxy entered into a lease agreement dated October 23, 2009. The lease purportedly expired on March 31, […]

New Jersey Bankruptcy Court Allows Trustee to Claw-back $2 million

May 6, 2022 admin

April 29, 2022, New Jersey – Steven P. Kartzman, the chapter 7 trustee of The Mall at the Galaxy, Inc. (the Debtor) had filed an adversary complaint against Latoc, Inc. to avoid a promissory note for $2 million loan from Latoc to the debtor. In his complaint, Kartzman alleged that the debtor was “constructively fraudulent” […]

District Court Approves Trustee’s Use of Net Investment Method In Calculating Net Equity of the Customers in the Madoff Ponzi Scheme

May 6, 2022 admin

April 15, 2022, New York – The District Court for the Southern District of New York has held in favor of a Trustee’s attempt to avoid and recover “approximately $16,880,000 that was transferred by BLMIS (Bernard L. Madoff Investment Securities LLC) to the entity defendants, Sage Associates and Sage Realty (“Sage Accounts”), in the two […]

Nevada Debtors Seek to Avoid and Recover $3,000,000 Allegedly Paid in “Dividends” and “Fees” in Alleged Litigation Finance Ponzi

May 4, 2022 admin

May 3, 2022, Nevada – Debtors J & J Consulting Services, Inc. and J and J Purchasing, LLC have filed two adversary actions in their bankruptcy cases against ten defendants alleging, among other things, that the debtors were engaged in a “scheme to defraud” by selling personal injury settlements to investors. The complaints allege that […]

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