New Cases

Claims Over $1.4M Transferred in Citco Enterprises Inc.

November 17, 2021 admin

November 10, 2021, Western District of Texas – JAKKS Pacific, Inc., Underwraps Costumes Inc. and Rubies II sell their claims worth approximately over $1.4M (Claim No. 10 for $843,640.73, Claim No. 11 for $437,736.77 and Claim No. 12 for $126,763.85 respectively) in the bankruptcy case of Citco Enterprises Inc. to Centerfire, Inc. (37)

Honorable David R. Jones Approves Employment of Husch Blackwell LLP as Special Counsel

November 17, 2021 admin

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November 8, 2021, Southern District of Texas – Honorable Judge David R. Jones approves Debtors CBL & Associates Properties, Inc., et al.’s application to employ Husch Blackwell LLP as Special Counsel for the Debtors, pursuant to Section 327(e) of the Bankruptcy Code. (Bankruptcy Case No. 20-35226) As per the application filed with the bankruptcy court, Special Counsel is retained […]

Erik Johanson PLLC Appointed as Special Counsel in Bizgistics, Inc

November 17, 2021 admin

November 5, 2021, Middle District of Florida – The United States Bankruptcy Court for Middle District of Florida approves the application of Bizgistics, Inc. (“Debtor”) for entry of an order authorizing the employment of Erik Johanson PLLC as a special counsel for the Debtor. As stated in the application filed with the bankruptcy court, the Special […]

New Article : Ninth Circuit Agrees That Damages Is Not An Element Of A Fraudulent Transfer Case In Medina

November 17, 2021 admin

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October 30, 2021 – Ninth Circuit Agrees That Damages Is Not An Element Of A Fraudulent Transfer Case In Medina ( Author : Jay Adkisson) https://www.forbes.com/sites/jayadkisson/2021/10/30/ninth-circuit-agrees-that-damages-is-not-an-element-of-a-fraudulent-transfer-case-in-medina/?sh=57e39a6c2a0b (157)

New Article : SEC Seeks Additional Comment on Clawback Rules

November 16, 2021 admin

November 10, 2021 – SEC Seeks Additional Comment on Clawback Rules (Author – Baker & Hostetler LLP) https://www.lexology.com/library/detail.aspx?g=be743f4d-e64d-4eb1-85e9-41a5c2a3a7d6 (7)

MDC Litigation Trust Seeks $23.5M From Debtor’s CEO & Others, Alleges Fraud, Breach of Fiduciary & Seeks Clawback

November 16, 2021 admin

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November 5, 2021, District of Delaware – Plaintiff Trustee RPA Asset Management Services, LLC of the MDC Litigation Trust (the “Trust”), files a complaint against Defendants Mark Siffin (“Siffin”), MDC Acquisition LLC (“MDC Acquisition”), Maefield Development Corporation (“Maefield”), and MDCE Investments LLC. The Trust seeks to recover $23.5M as fraudulent and preferential transfers allegedly made by […]

Defendants Responsible for Insuring Debtors, Alleges Plaintiff in Remington Outdoor Company, Inc., et al.

November 15, 2021 admin

November 4, 2021, Northern District of Alabama – Plaintiffs Wilma Blanton, individually and in her capacity as guardian of Larry Blanton, Ronald Blanton, and Justin Williams (collectively, the “Plaintiffs”), files a complaint for a declaratory judgment under 28 USC. § 2201 and Fed. R. Civ. P. 57 alleging that Defendant National Fire & Marine Insurance Company […]

A Delaware Court Grants D&M Holdings’ Motion For Summary Judgment in Part

November 14, 2021 admin

November 8, 2021, District of Delaware – The Court granted Defendant D&M Holdings US Inc.’s motion for summary judgment in part and denied in part. Defendant had filed a summary judgment against a complaint filed by Trustee George L. Miller for the estate of Digital Networks North America, Inc. The Trustee’s complaint sought to recover and […]

Electrotek Corp & its CEO Sued, Plaintiff seeks Judgment to Disallow or Recharacterize $9.5M Claim

November 14, 2021 admin

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November 5, 2021, Northern District of Texas – Plaintiff, the Official Committee of Unsecured Creditors of Electrotek Corporation (“Debtor”), brings a complaint against Debtor and its CEO, Dhirajal Babaria, to determine the validity, priority, and extent of secured status under 11 USC § 506. Specifically, Plaintiff brings an action to disallow or recharacterize alleged scheduled secured […]

C2 Wireless Does Not Hold A Valid Perfected Security Interest in Handl New York, Argues Replay Storage Solutions

November 13, 2021 admin

November 4, 2021, District of Delaware – Plaintiffs Argento S.C. By Sicura Inc. and Replay Storage Solutions, LLC (“RSS”, or collectively “Plaintiffs”) prosecutes Defendant C2 Wireless & Accessories LLC under Rules 3007 and 7001 of the Federal Rules of Bankruptcy Procedure and sections 105 and 506 of title 11 of the Bankruptcy Code. The Plaintiffs seek […]

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