New Cases

Generation Next Franchise Brands Trustee Seeks to Recover $2.7M as Alleged Fraudulent Transfers From Shareholder IQ, LLC & Others

May 12, 2021 admin

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Trustee Brian D. Shapiro, for the bankruptcy estate of consolidated debtors Generation Next Franchise Brands, Inc. commences an adversary proceeding against Defendants Shareholder IQ, LLC and others to avoid and recover certain fraudulent transfers allegedly made by the Debtors to the Defendants.

Chowaiki & Co. Fine Art Trustee Files a Lawsuit To Redress an Alleged Harm Caused by Debtor’s Majority Equity Owner to the Debtor & Its Creditors

September 2, 2021 admin

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August 30, 2021, Southern District of New York – Plaintiff Trustee Albert Togut of the estate of Debtor Chowaiki & Co. Fine Art Ltd., files a lawsuit seeking damages for breach of fiduciary duties owed to the Debtor and its creditors by Defendant David Dangoor. The complaint allegedly seeks to redress the harm caused to […]

Beach Orangethorpe Hotel Sues Multiple Defendants for Alleged Breach of Fiduciary Duty in The Source Hotel Bankruptcy

October 11, 2021 admin

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September 29, 2021, Central District of California – Plaintiff Beach Orangethorpe Hotel, LLC (BOH), Jian Hua, Haiyuan Ma, Jiaxin Bao, Jingkun Shan, Jun Liu, Zhen Liu, Ziyu Li, Hongwei Liu, and Dongmei Shi (collectively, “Plaintiffs”), recently brought an adversary proceeding against M&D Regional Center, Shady Bird Lending, LLC, M+D Properties, Evertrust Bank and few others […]

Tiger Oak Media Trustee Prosecutes Debtor’s CEO For Alleged Breach of Fiduciary Duty

April 14, 2021 admin

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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

Shelton Brothers, America’s Influential Importer of Belgian and European Beers, Demands $500K From One of its Distributor For Allegedly Breaching a Contract

April 1, 2021 admin

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Plaintiff-Debtor Shelton Brothers, Inc. accuses Defendant Longbow Distribution, LLC of a breach of contract and seeks to turn over the property of the estate under Sec. 542 (b) of the Bankruptcy Code.

Secured Creditor Buys Preference Claims in Nevada 363 Sale, Sues 32 Defendants

June 8, 2022 admin

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May 27, 2022, US Bankruptcy Court for the District of Nevada – ACF Finco I LP seeks to clawback alleged preferential transfers made by certain Debtors to Redwood Fire and Casualty Company in the bankruptcy case of Red Rose, Inc., et al. ACF Finco I, LP is a creditor of one or more of the […]

Debtors’ Managers Allegedly Used Company’s Account to Pay Its Own and other Entities’ Personal Expenses, Trustee Brings a Fraudulent Conveyance Action

March 26, 2021 admin

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Trustee Daniel E. Straffi for the bankruptcy estate of Camp Harmony, Inc. accuses Defendant Public Service Electric & Gas Company for receipt of fraudulent transfers.

AMH Litigation Trust Trustee Brings an Action for a Declaratory Judgment and Permanent Injunction against Insurers of Alta Mesa Resources, Inc.

July 30, 2021 admin

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July 27, 2021, Southern District of Texas – Plaintiff Trustee David Dunn of the AMH Litigation Trust, the successor-in-interest to certain causes of action of Debtor Alta Mesa Holdings, LP (“AMH”), brings an action seeking a declaratory judgment and permanent injunction against the insurers of Alta Mesa Resources, Inc. (“AMR”) and others to ensure that […]

Discover Bank Must Return Transfers It Fraudulently Received, Alleges Better Way Siding and Windows Inc. Trustee

March 16, 2021 admin

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Trustee Charles E. Covey of the estate of Better Way Siding and Windows Inc. initiated a complaint against Discover Bank a/k/a Discover Card a/k/a Discover Financial Services a/k/a Discover Products Inc. to recover certain payments from Defendant as fraudulent conveyances.

Texas Trustee Launches $500k plus Preference Case

June 1, 2022 admin

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May 14, 2022, Bankruptcy Court for the Southern District of Texas – Christopher Murray, the chapter 7 trustee (the “Trustee”) for the estate of Hidalgo County Emergency Service Foundation (the “Debtor”) brings adversary complaint against Defendant Jose Luis Trejo (“Trejo”) to avoid and recover preferential transfers from the Debtor to Trejo, made within 90 days […]

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