New Cases

Wind Down Ltd Buys Claims in Face Amount of $4 Million in Lehman Brothers Holdings Inc.

March 17, 2022 admin

March 17, 2022, Southern District of New York – Wind Down Ltd. gives evidence and notice pursuant to Rule 3001(e)(2), Fed. R. Bankr. P., of the transfer of the right, title, and interest in claims (Claim No. 30132 in face amount $1,823,666.42, Claim No. 14727 in face amount $2,250,000.00) of CVF Lux Master S.a.r.l in […]

Citigroup Financial Products Sells Claims in Face Amount Over $6.8 Million in LATAM Airlines Group SA

March 17, 2022 admin

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March 14, 2022, Southern District of New York – Star V Partners LLC and Olympus Peak CAV file notices according to Rule 3001(e)(2) of the Federal Rules of Bankruptcy Procedure in the United States Bankruptcy Court for the Southern District for New York, of the transfer of the right, title and interest in Citigroup Financial Products Inc.’s claims in […]

Reuters : “Tax Penalties Aren’t Fraudulent Transfers in Bankruptcy : Appeals Court”*

March 17, 2022 admin

March 9, 2022 – Reuters : “Tax Penalties Aren’t Fraudulent Transfers in Bankruptcy : Appeals Court ” (Author : Maria Chutchian)* https://www.reuters.com/legal/transactional/tax-penalties-arent-fraudulent-transfers-bankruptcy-appeals-court-2022-03-09/ *Onebowlinggreen.com posts articles for convenience of our subscribers. Onebowlinggreen.com does not endorse contents of articles. (6)

JD Supra : ” U.S. Supreme Court Declines Review Ending Shareholder Fraudulent Transfer Litigation in Tribune”*

March 17, 2022 admin

March 8, 2022 – JD Supra : “U.S. Supreme Court Declines Review Ending Shareholder Fraudulent Transfer Litigation in Tribune” * (Author : Sarah B. Boehm of McGuire Woods, LP) https://www.jdsupra.com/legalnews/u-s-supreme-court-declines-review-2362317/ *Onebowlinggreen.com posts articles for convenience of our subscribers. Onebowlinggreen.com does not endorse contents of articles. (9)

Clawback Actions Initiated in Bankruptcy Cases of DirectStream Federal LLC to Recover Nearly $500K in Alleged Preference and Fraudulent Transfers.

March 17, 2022 admin

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March 7, 2022, Middle District of North Carolina – Don A. Beskrone, Chapter 7 Trustee for the bankruptcy estate of DirectStream, LLC, initiates lawsuits against nine defendants to avoid and recover alleged preferential and fraudulent transfers totaling $564,280.97 and to disallow any claims held by the defendants. Before filing for bankruptcy, Debtor owned and operated […]

Investor’s Profits From Ponzi Scheme Are Not ‘For Value”; Trustee Picard To Recover $3.8 Million From Partnership Firm and Its Former Partner

March 17, 2022 admin

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March 13, 2022, Southern District of New York – Trustee Irving H. Picard, for the substantively consolidated liquidation of Bernard L. Madoff Investment Securities LLC (“BLMIS “) and Bernard L. Madoff (“Madoff”), brought an adversary proceeding against Defendants Ken-Wen Family Limited Partnership and its general partner, Kenneth Brown (“Brown”). Through its complaint, the Trustee sought to avoid […]

Chief United States Bankruptcy Judge Martin Glenn Approves the Appointment of Cullen and Dykman as Counsel For Aguila, Inc.

March 16, 2022 admin

March 8, 2022, Southern District of New York – Upon the application of the Official Committee of Unsecured Creditors for Debtor Aguila, Inc. for entry of an order authorizing the employment and retention of the law firm, Cullen and Dykman LLP (the “Firm”) pursuant to sections 328 and 1103 of Bankruptcy Code, as counsel to […]

Plaintiff-Debtor Payroll Management, Inc. Sues Florida Self-Insurers Guaranty Association, Inc For $5 Million in Alleged Fraudulent Transfers

March 16, 2022 admin

March 8, 2022, Northern District of Florida – Plaintiff-Debtor Payroll Management, Inc. sues Florida Self-Insurers Guaranty Association, Inc.(“FSIG”), United States of America, Internal Revenue Service, Sunz Insurance Company, U.S. Capital Partners, Inc., Centennial Bank, Vensure Employer Services, Inc., and Okaloosa County Florida Tax Collector for turnover of funds aggregating to $5,144,108.00, alleging constructive fraudulent transfers under […]

LNA Associates Trustee Charges Happy Breakfast Club & Harry Kaminsky of Alleged Fraud in a Ponzi Scheme; Files Lawsuit Against 93 Defendants

March 16, 2022 admin

March 1, 2022, Eastern District of New York – Plaintiff R. Kenneth Barnard, solely in his capacity as the Chapter 7 Trustee of the bankruptcy estate of Gregory N. Altieri d/b/a LNA Associates Ltd. (“Debtor”), sues 13 named and over 80 unnamed defendants to avoid and recover alleged fraudulent transfers under Sections 544, 548, 550 of […]

New York Court Holds For Defendant; Plaintiffs’ Complaint Related To Fraud, Conspiracy, Breach of Fiduciary Dismissed

March 16, 2022 admin

March 4, 2022, Southern District of New York – The case arose from the financing and development of two parcels of land outside Dallas, Texas, known as Wade Park. Plaintiffs Wade Park Land, LLC, (“WP Land”),Wade Park Land Holdings, LLC (“WPL Holdings”), and Thomas Family Trust brought seventeen claims against defendants in their amended complaint, […]

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