New Cases

Northeast Somerset Trustee Seeks to Clawback $500K as Alleged Insider Transfers

January 19, 2022 admin

January 11, 2022, District of New Jersey – Trustee Andrea Dobin for the bankruptcy estate of Debtor Northeast Somerset LLC commences a legal action against Defendant Ramanashree Gummakonda to avoid and recover $500K as alleged preferences under Section 547 of the Bankruptcy Code. The complaint asserts that Northeast Somerset owned and managed an office building […]

DJS Towing and Transport Sues First Home Bank for $800K, Argues that Bank Allegedly Administered Loan Negligently

January 18, 2022 admin

January 6, 2022, Southern District of Florida – Plaintiff-Debtor DJS Towing and Transport, LLC files a complaint against Defendant First Home Bank for alleged damages and to determine the nature, validity, and extent of a lien. DJS also seeks to compel the Bank to turn over the alleged property of the estate under Sec. 542 […]

Debtor 96 Wythe Acquisition Brings a Lawsuit for $20M Against Benefit Street Partners Realty

January 17, 2022 admin

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January 6, 2022, Southern District of New York – Plaintiff Debtor 96 Wythe Acquisition LLC, a boutique Williamsburg Hotel, initiates a lawsuit against Defendant Benefit Street Partners Realty Operating Partnership, LP to recover damages from Defendant for alleged breach of contract, breach of its implied duty of good faith and fair dealing, unjust enrichment, and […]

New Article : Former Bookkeeper of a St. Louis Accounting Firm Sentenced to Prison

January 16, 2022 admin

January 5, 2022 – Former bookkeeper of a St. Louis accounting firm sentenced to prison (Source : The United States Attorney Office – United States Bankruptcy Court for Eastern District of Missouri) https://www.justice.gov/usao-edmo/pr/former-bookkeeper-st-louis-accounting-firm-sentenced-prison-670k-fraud-scheme (19)

New Article : Motion: Civil fraud claims against bankrupt Aspen company have no teeth

January 16, 2022 admin

January 11, 2022 – Motion: Civil fraud claims against bankrupt Aspen company have no teeth (Author : Rick Caroll) https://www.aspentimes.com/news/motion-civil-fraud-claims-against-bankrupt-aspen-company-have-no-teeth/ (8)

JEL Site Development Trustee Sues Park Square Enterprises and RLI Insurance Company For Alleged Breach of Contract

January 14, 2022 admin

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January 10, 2022, Middle District of Florida – Gene Chambers as a Chapter 7 Trustee for Debtor JEL Site Development, Inc., brings a lawsuit against Park Square Enterprises, LLC and RLI Insurance Company for alleged breach of contract, unjust enrichment, and to foreclose a lien. Gene Chambers also argues that pursuant to §§ 502(d) & […]

Jefferies Leveraged Credit Products Transfers Claim in Face Amount of $25M in Grupo Aeromexico SAB de CV

January 13, 2022 admin

January 11, 2022, Southern District of New York – Diameter Master Fund L.P. acquires claims in the face amount of $5,000,000.00 (Claim No. 752) and $20,000,000.00 (Proofs of Claims (POC)) against Grupo Aeromexico SAB de CV in the latter’s bankruptcy case; however, brokerage services provider, Jefferies Leveraged Credit Products, LLC was the transferor in this deal. […]

Sponsorship Payments Were Made in Ordinary Course of Business

January 13, 2022 admin

January 11, 2022, Northern District of Texas – Plaintiff Trustee Dennis Faulkner of Debtor Reagor-Dykes Auto Group Creditors Liquidating Trust brought a lawsuit against Broadway Festivals, Inc. for avoidance and recovery of a preferential transfer under §§ 547 and 550 of the Bankruptcy Code. As regards the facts – Broadway, a 501(c)(3) charitable organization, annually […]

Gene Chambers Sues Park Square Enterprises and RLI Insurance Company For Alleged Breach of Contract

January 13, 2022 admin

Kurtzman Steady LLC Appointed As a Special Counsel in Aluminum Shapes, LLC

January 10, 2022 admin

January 5, 2022, District of New Jersey – Honorable Judge Jerrold N. Poslusny Jr. grants the application of Debtor Aluminum Shapes, LLC for entry of an order pursuant to sections 327(e) and 328(a) of the Bankruptcy Code and Fed.R. Bankr. P. 2014, authorizing the employment and retention of Kurtzman Steady, LLC (the “KS Firm”), with […]

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