Interview with the Author of “Texas Two-Step and Forecasting Its Future Application”
Interview with the Author of “Texas Two-Step and Forecasting Its Future Application” (4)
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Clawback Lawsuits Filed Against 72 Defendants in Rochester Drug Co-Operative, Inc.
February 3, 2022, Western District of New York – RDC Liquidating Trust, through its trustee Advisory Trust Group, LLC, for the bankruptcy estate of Debtor Rochester Drug Co-Operative, Inc. brings lawsuits for avoidance and recovery of alleged preferential transfers and objection to claims under Sections 547, 548 and 502 of the Bankruptcy code against seventy-two (72) […]
Nearly $2.7 Million Sought From Wells Fargo, Situs Asset Management & Others in PWM Property Management Bankruptcy
February 1, 2022, District of Delaware – Plaintiffs 245 Park Avenue Property LLC, 245 Park Avenue Mezz A LLC, 245 Park Avenue Mezz B LLC, and 245 Park Avenue Mezz C LLC file a complaint against Wells Fargo Bank, N.A., Situs Asset Management LLC, SitusAMC, SitusServ L.P., T-C M-T REIT LLC, Commercial Loan Services for turnover […]
North American Specialty Moves for Summary Judgment on its Alleged $6.8 Million Unsecured Claim Against Carolinas Home and Land Investments
January 28, 2022, Western District of North Carolina – Defendant North American Specialty Insurance Company (‘NAS’) moves for summary judgment on the portion of Plaintiff-Debtor Carolinas Home and Land Investments, LLC’s (‘CHLI’) adversary complaint per Rule 56 of the Federal Rules of Civil Procedure and Rule 7056 of the Bankruptcy Rules. The complaint sought avoidance […]
Electronic Merchant Systems Seeks Dismissal of Trustee’s $1.2 Million Complaint
January 28, 2022, Middle District of Florida – Defendant Electronic Merchant Systems, LLC (‘EMS’), moves to dismiss a complaint brought by Trustee Douglas N. Menchise in the bankruptcy case of Procom America, LLC for failure to state a claim upon which relief can be granted. The Trustee sought to avoid and recover $1,274,581.46, as alleged […]
California Bankruptcy Court Rules for Defendant on Trustee’s $8.1 Million Preference Action
February 6, 2022, Northern District of California – Trustee Lois I. Brady for the bankruptcy estate of Debtor, Specialty’s Café & Bakery, Inc. commenced an adversary proceeding against Defendants Customers Bank and the Small Business Administration (SBA), alleging that a transfer of $8.1 million to Customers Bank was an avoidable preference under Bankruptcy Code §547 for […]
Plaintiffs-Debtors Auto Recyclers Seek Avoidance of Alleged Liens under Bankruptcy Code Sections 544 and 548 and Virginia State Law
February 1, 2022, Western District of Virginia – Plaintiffs-Debtors Auto Recyclers, LLC, and Auto Recyclers Holding Company I, LLC (collectively, Plaintiffs or AR) commence an adversary proceeding against Cornerstone Bank, National Association seeking the avoidance of certain alleged liens under Sections 544 and 548 of the Bankruptcy Code and Virginia state law. The Plaintiffs assert that […]
Olympus Peal Trade, Fair Harbor & Others Buy Claims in Face Amount Over $9 Million in LATAM Airlines Group SA
February 8, 2022, Southern District of New York – Olympus Peak Trade Claims Opportunities Fund I Ltd, SPCP Access Holdings, LLC, SPCP Institutional Group, LLC, and Fair Harbor Capital, LLC 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, […]
Financial Times : “‘Texas two-step’ outcry risks ending fee bonanza for law firm Jones Day”*
February 6, 2022 – Financial Times : “‘Texas two-step’ outcry risks ending fee bonanza for law firm Jones Day”* (Author : Jamie Smyth, Kate Beioley and Sujeet Indap) https://www.ft.com/content/de1da1ea-d19a-4f2d-a790-8ff45368d7d1 *Onebowlinggreen.com posts articles for convenience of our subscribers. Onebowlinggreen.com does not endorse contents of articles. (8)
Hollister Construction Services Trustee Demands $15Million From Berkley Assurance Company For Alleged Breach of Contract
January 31, 2022, District of New Jersey – Bernard Katz, as liquidation trustee for the bankruptcy estate of Hollister Construction Services, LLC, institutes a lawsuit against Berkley Assurance Company for alleged breach of contract. As alleged in the complaint, the Debtor was a regional general commercial construction services firm that provided construction and professional management […]