New Cases

Hon. John K. Sherwood Approves Appointment of Special Counsel in Bankruptcy Case of David Gamburg

January 5, 2022 admin

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January 5, 2022, District of New Jersey: The United States Bankruptcy Court for the District of New Jersey approves the appointment of Becker LLC as Special Counsel for Eric R. Perkins, Chapter 11 Trustee in the bankruptcy case of David Gamburg. Per the application filed in the Court, the special counsel is retained to pursue preferences, […]

SMBC Bank Sells Claim in Face Amount of $9M in Grupo Aeromexico SAB de CV

January 5, 2022 admin

January 4, 2022, Southern District of New York – SMBC Bank International PLC transfers its claim in face amount of $5,536,349.56 and $3,881,040.79 against Grupo Aeromexico SAB de CV to Sumitomo Mitsui Banking Corporation and Natixis, S.A. respectively. (5)

Liberty Bridge Trustee Sues Kenneth J. Birnbaum to Clawback $1.5M in Alleged Insider Transfers

January 5, 2022 admin

January 3, 2022, Southern District of New York – Trustee Kenneth P. Silverman, Esq., for bankruptcy estates of Liberty Bridge Capital Management GP, LLC, et al. initiates an adversary proceeding against Kenneth J. Birnbaum to set aside and recover certain transfers allegedly made by Liberty Bridge pursuant to Sections 105, 502, 544, 547, 548, 550 […]

Stephen Peters Seeks to Clawback Over $600K From SeAH Steel America

January 5, 2022 admin

December 15, 2021, District of Colorado – M. Stephen Peters, as Chapter 7 trustee for the bankruptcy estate of Debtor Rusty Gold Hydro-Testers, Inc., institutes an adversary proceeding against a full-line carbon steel pipe distributor on the West Coast, SeAH Steel America, Inc. for avoidance and recovery of preferential transfers under § 547(b) and § […]

HRB Trustee Brings a Clawback Action Against Procter & Gamble, Seeks Over $800K in Alleged Preferences

January 5, 2022 admin

December 14, 2021, District of Delaware – Trustee Alan D. Halperin for High Ridge Brands Liquidating Trust sues Procter & Gamble Distributing, LLC (P&G) to avoid and recover alleged preferential transfers worth $850,248.00 under Sections 547 and 548 of the Bankruptcy Code in the bankruptcy case of HRB Winddown, LLC. Before filing bankruptcy, HRB, as a personal care […]

MDC Litigation Trust Brings a Clawback Action Against Chase Harris

January 4, 2022 admin

December 20, 2021, District of Delaware – RPA Asset Management, as Trustee of the MDC Litigation Trust for the bankruptcy estate of MTE Holdings LLC et al., files a complaint against Chase Harris, Inc. to avoid and recover certain transfers allegedly made during ninety (90) day period before the commencement of the MTE’s Chapter 11 […]

New Article : Second Circuit Court Of Appeals Partially Resuscitates Tribune Leveraged Buyout Litigation

January 3, 2022 admin

November 25, 2021 – Second Circuit Court Of Appeals Partially Resuscitates Tribune Leveraged Buyout Litigation (Author : by Benjamin Mintz and Justin Imperato) https://www.mondaq.com/unitedstates/insolvencybankruptcy/1135462/second-circuit-court-of-appeals-partially-resuscitates-tribune-leveraged-buyout-litigation (19)

Pipeline Foods Seeks $1.3M From a Poultry Farm as Alleged Damages

January 3, 2022 admin

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December 22, 2021, District of Delaware – Pipeline Foods, LLC charges a family-owned business that has been raising poultry for almost three generations with a lawsuit for alleged breach of contract and unjust enrichment. Pipeline Foods seeks to recover about $1,382,853.76 from Pitman Family Farms, alleging that Pitman obtained the benefits of the delivery of goods […]

The Voice of the Martyrs Did Not Take Subsequent Transfers For Value, Alleges HDL Liquidating Trust

January 3, 2022 admin

December 22, 2021, Eastern District of Virginia – Trustee Richard Arrowsmith, of the HDL Liquidating Trust, brings a complaint against an international non-profit organization, The Voice of the Martyrs, Inc., to recover avoidable fraudulent transfers allegedly received from a subsequent transferee, under section 550(a) in the bankruptcy case of the Health Diagnostic Laboratory, Inc. (HDL) et […]

Unicare International Limited Sued For Over $800k in Alleged Preferences

January 2, 2022 admin

December 14, 2021, District of Delaware – Trustee Alan D. Halperin for High Ridge Brands Liquidating Trust initiates a clawback action against Unicare International Limited to avoid and recover alleged preferential transfers worth $885,351.88 under Sections 547 and 548 of the Bankruptcy Code in the bankruptcy case of HRB Winddown, LLC. newBefore filing bankruptcy, HRB, […]

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