New Cases

Citigroup Financial Products Transfers Claims in LATAM Airlines Group

January 25, 2022 admin

January 24, 2022, Southern District of New York – Citigroup Financial Products Inc. assigns several claims against LATAM Airlines Group SA to multiple transferees. The details are : Transferor Transferee Claim No. Transferred Amount of Claim Citigroup Financial Products Inc. HBK Master Fund L.P. Claim No.4072 $3,033,842.00 Citigroup Financial Products Inc. Cross Ocean GCDF I S.a.r.l Claim […]

North Strabane Township and NVR Purchase Multiple Claims in Face Amount $3.9M in the Bankruptcy case of Majestic Hills LLC

January 24, 2022 admin

January 24,2022, Western District of Pennsylvania – North Strabane Township and NVR, Inc. purchase multiple claims in the bankruptcy case of Majestic Hills LLC. The details of the claims transferred include : Transferor Transferee Claim Type and No. Transferred Amount of Claim Jeanne E. Hecht North Strabane Township and NVR, Inc. Claim No.10 $601,239.43 Douglas & Suzanne […]

Southern District of Texas Approves Appointment of General Counsel in Bankruptcy Case of Smokinkwr LLC

January 24, 2022 admin

January 21, 2022, Southern District of Texas – Upon the application of the Debtor Smokinkwr LLC to employ a general counsel, the Court approves the appointment of the Law Firm of Thomas F. Jones III and Thomas F. Jones III as attorney in charge to act as a general counsel for Smokinkwr. As per the application, […]

Complaint Alleging Fraud Must Satisfy Heightened Pleading Requirements

January 24, 2022 admin

January 18, 2022, Western District of New York – The facts of the case as summarised in the opinion are : Plaintiff Thar Process, Inc., a hemp processor, brought a breach of contract claims against Defendant Sound Wellness, LLC when Sound Wellness refused to pay for CBD oil that Thar had processed. Sound Wellness, in turn, […]

New Article : Imprisoned Bruce Matson sued by LandAmerica trustee for $500K – Richmond BizSense

January 24, 2022 admin

January 18, 2022 – Imprisoned Bruce Matson sued by LandAmerica trustee for $500K – Richmond BizSense (Author – Michael Schwartz) Imprisoned Bruce Matson sued by LandAmerica trustee for $500K (18)

New Article : Former Toys ‘R’ Us Execs, Board Accused Of Fraud In Bankruptcy Case

January 22, 2022 admin

January 20, 2022 – Former Toys ‘R’ Us Execs, Board Accused Of Fraud In Bankruptcy Case (Author – Joan Verdon) https://www.forbes.com/sites/joanverdon/2022/01/20/former-toys-r-us-execs-board-accused-of-fraud-in-bankruptcy-decisions/ (8)

Debtor-Defendant Robert Smallwood Seeks to Dismiss Complaint Concerning Alleged Alter Ego and Fraudulent Conveyance Claims

January 21, 2022 admin

January 11, 2022, Eastern District of New York – Debtor-Defendant Robert Smallwood brings a motion to dismiss a complaint brought by Trustee Debra Kramer against multiple defendants. The Defendants include – Lightning Stainless Bolt, Inc., Fastenere Inc., Robert Smallwood, Carol Choi, Kevin Chan, Discount Distributors, LLC, Fastener Depot, LLC, Amazon.com, Inc., Ebay, Inc., Paypal, Inc. […]

Jefferies Leveraged Credit Products Transfers Its Claims in Grupo Aeromexico SAB de CV

January 20, 2022 admin

January 11, 2022, Southern District of New York – Diameter Master Fund L.P. acquires claims in the amount of $5,000,000.00 (transferred from Claim No. 752) and $20,000,000.00 (transferred from Claim No. 12997, Claim No. 13542, Claim No. 13545, Claim No. 13553, Claim No. 13605, Claim No. 13602, and Claim No. 13548) from Jefferies Leveraged Credit Products, […]

Ovonyx Memory Technology & Others Move for Dismissal of Energy Conversion Devices Liquidation Trust’s Third Amended Complaint

January 20, 2022 admin

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January 12, 2022, Eastern District of Michigan – Defendant Ovonyx Memory Technology, Inc. (“OMT”) files a motion to dismiss the third amended complaint and to strike a tortious interference claim of Energy Conversion Devices Liquidation Trust in the bankruptcy case of Energy Conversion Devices, Inc. Concurrently with OMT’s Motion, Defendants Ovonyx, Inc. and Micron Technology, […]

Factual Allegation in Trustee’s Complaint Not Sufficient to Pass Muster Under Rule 9(b), Delaware Court Dismisses Trustee’s Intentional Fraudulent Transfer Claim

January 19, 2022 admin

January 14, 2022, District of Delaware – Debtor Education Management Corporation (EDMC) and its affiliates ran for-profit colleges. As pointed out in the Court opinion – the primary allegation in the complaint filed by the Chapter 7 Trustee, George Miller, was that after a 2006 leveraged buyout, the Debtors implemented a series of aggressive recruiting practices […]

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