New Cases

Claims in Face Amount of $12.1 Million Transferred in Grupo Aeromexico SAB de CV

February 24, 2022 admin

February 23, 2022, Southern District of New York – Thracia LLC, Lumyna Specialist Funds – Event Alternative Fund & Invictus Global Management, LLC file notices pursuant 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 […]

Velarde & Yaras Appointed as Debtor’s Counsel in Taj & Ark, LLC Bankruptcy; May Bring Adversary Proceedings For Benefit of Debtor’s Estate

February 24, 2022 admin

February 14, 2022, District of New Mexico – Upon consideration on the application of Debtor Taj & Ark, LLC for approving the employment and retention of the law office of Gerald R. Velarde & Velarde & Yaras (“V&Y”) as its general counsel, Honorable Judge Robert H Jacobvitz grants Taj & Ark’s application and appoints V&Y as […]

FitzWalter Capital Partners Sued for Alleged Security Interests over Aircraft; Plaintiffs Seeks Declaratory judgment, Injunction, and Damages

February 23, 2022 admin

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February 14, 2022, Southern District of New York – Plaintiffs-Debtors JPA No. 111 Co., Ltd., and JPA No. 49 Co., Ltd commence an adversary proceeding against Defendant FitzWalter Capital Partners (Financial Trading) Limited, seeking an order enforcing the automatic stay and declaring void all of the Defendant’s actions and suits against the Debtors and the non-debtor […]

Transition Of Griddy’s Customers To TXU Retail Energy Constitutes a “Transfer”; Alleges Plan Administrator in Griddy Energy LLC Bankruptcy

February 23, 2022 admin

February 14, 2022, Southern District of Texas – Plan Administrator Russell F. Nelms of Debtor Griddy Energy LLC brings a complaint against Defendant TXU Retail Energy Company LLC to recover alleged fraudulent transfers of customers under Section 548 of the Bankruptcy Code. The complaint alleges that: As a retail electric provider (REP), Griddy sold electricity […]

Issues of Fact May Not be Decided At Summary Judgment Stage; Texas Court Denies Summary Judgment to Lone Star on Trustee’s Preference Action

February 23, 2022 admin

February 15, 2022, Northern District of Texas – Trustee Dennis Faulkner of the creditors’ liquidating trust in the bankruptcy case of Reagor-Dykes Motors, LP, et.al., filed a complaint seeking to recover transfers made to Defendant Lone Star Car Brokering, LLC under Section 547, 548, 549, and 550 of the Bankruptcy Code. As pointed out in the […]

Thirty-one Clawback Actions Filed in Pinnacle Regional Hospital, Inc.

February 22, 2022 admin

February 11, 2022, District of Kansas – Plaintiff Trustee James A. Overcash for the bankruptcy estate of Pinnacle Regional Hospital, Inc. initiates thirty-one (31) lawsuits to avoid and recover $2,399,436.00 from several defendants pursuant to Sections 547, 548, and 550 of the Bankruptcy Code. Some of the prominent cases in the group have been filed […]

WCP Fund, I Sued For Alleged Fraudulent Inducement and Negligent Misrepresentation

February 21, 2022 admin

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February 14, 2022, District of Maryland – Plaintiff-Debtor 1604 Isherwood, LLC, and its managing member Zaid Alli initiates a lawsuit against Defendants WCP Fund I, LLC and 1 Sharpe Opportunity Intermediate Trust for alleged fraudulent inducement and negligent misrepresentation. The Plaintiffs request the Court to disallow the Defendant’s proof of claim, rescind the alleged transaction, […]

Cambridge Marine Construction Trustee Seeks $1Million in Alleged Insider Fraudulent Transfers from Patel Construction

February 21, 2022 admin

February 11, 2022, District of Connecticut – Trustee Bonnie Mangan of Debtor Cambridge Marine Construction, Inc. (“CMC”) commences a legal action against Patel Construction, LLC and its sole manager, Milan Patel, to recover alleged insider preferential and constructively fraudulent transfers of the CMC’s property under Section 547 and 548 of the Bankruptcy Code. The Trustee also […]

Wolff&Orenstein Appointed as Debtor’s Counsel to Provide Extensive Legal Services in South Harbor Irrevocable Trust

February 20, 2022 admin

February 16, 2022, District of Maryland – Honorable Bankruptcy Judge David E. Rice approves the application of Debtor South Harbor Irrevocable Trust, requesting authority to employ and appoint Michael G. Wolff, Esq., and Wolff & Orenstein, LLC as Debtor’s counsel. As stated in the Debtor’s application, Michael G. Wolff, Esquire, and Wolff & Orenstein, LLC will perform all legal services for the Debtor […]

Trustee Steven Balasiano Commences 13 Clawback Actions in True Religion Apparel, Inc.

February 20, 2022 admin

February 11, 2022, District of Delaware – Trustee Steven Balasiano of the True Religion Avoidance Actions Trust as successor in interest to the Debtors True Religion Apparel, Inc., et al. brings adversary proceedings against thirteen (13) creditors to avoid and recover all preferential transfers of property by the Debtors that allegedly occurred during the ninety (90) […]

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