New Cases

Trustee Diane G. Reed Seeks to Avoid a Stock Transfer as Fraudulent Conveyance

November 12, 2021 admin

158

November 2, 2021, Northern District of Texas – Trustee Diane G. Reed for the bankruptcy estate of The Lasalle Group, Inc. (“Debtor”) files an adversary proceeding against Defendant MWW Partners Consulting, LLC (“MWW”) to avoid and recover a transfer as an alleged fraudulent conveyance under Section 544, 548, and 550 of the Bankruptcy Code. The complaint […]

YPI Trustee Sues Insiders & An Accounting Firm For Alleged Negligence and Breach of Fiduciary Duty

November 12, 2021 admin

November 3, 2021, Central District of California – Plaintiff Trustee Jason M. Rund for the bankruptcy estate of Youth Policy Institute, Inc. (“YPI” or “Debtor”) institutes a legal proceeding against the insiders of the Debtor and an accounting firm, Hill Morgan & Associates, LLP for alleged negligence, breach of fiduciary duty, breach of a charitable trust, […]

New Article : Madoff Trustee OK’d to Seek Clawback of $50 Million in Former Client Funds

November 11, 2021 admin

11/2/2021 – Madoff trustee OK’d to seek clawback of $50 million in former client funds (Author : By Westlaw Bankruptcy Daily Briefing ) https://www.reuters.com/legal/transactional/madoff-trustee-okd-seek-clawback-50-million-former-client-funds-2021-11-02/ (8)

New Article : Erika Jayne says she shouldn’t have to pay back $25 mil from Tom, denies sham business and knowledge of $242k lottery payments

November 11, 2021 admin

11/5/2021 – Erika Jayne says she shouldn’t have to pay back $25 mil from Tom, denies sham business and knowledge of $242k lottery payments (Author – Oliver More) https://newsnationusa.com/news/entertainment/erika-jayne-says-she-shouldnt-have-to-pay-back-25-mil-from-tom-denies-sham-business-and-knowledge-of-242k-lottery-payments/ (9)

Insiders Accused of Alleged Breach of Fiduciary and Mismanagement in CTE 1 LLC

November 11, 2021 admin

1.27K

October 27, 2021, District of New Jersey – Charles M. Forman, in his capacity as Plan Administrator for Debtor CTE 1 LLC, brings an action against multiple defendants (namely, the Debtor’s insiders and affiliated entities), including Carmine A. DeMaio III, Mark DeMaio, Frank C. Holtham Jr., Carmine Zeccardi Jr., Dmitry Zeldi, Patti Zienowicz, CTE 2 […]

Charles M. Forman Files Over 55 Clawback Actions in CTE 1 LLC

November 11, 2021 admin

November 2, 2021, District of New Jersey – Charles M. Forman, in his capacity as Plan Administrator for Debtor CTE 1 LLC, initiates clawback lawsuits against approximately 56 defendants to avoid and recover alleged transfers as preferential and fraudulent conveyances worth over $ 9 million and disallow any claims held by the defendants. By way […]

New Article : Bankruptcy Trustee Says Girardi Keese’s Lenders May Have Known About Fraud

November 10, 2021 admin

10/14/2021 – Bankruptcy trustee says Girardi Keese’s lenders may have known about fraud (Author – Amanda Bronstad) https://www.law.com/therecorder/2021/10/14/bankruptcy-trustee-says-girardi-keeses-lenders-may-have-known-about-fraud/ (11)

Tampico Beverages Seeks to Dismiss a Lawsuit Brought by Deans Food Company Liquidating Trust

November 10, 2021 admin

October 20, 2021, Southern District of Texas – Defendant Tampico Beverages, Inc. (“Tampico”) pursuant to Fed. R. Civ. P. 12(b)(6) files its motion to dismiss Daniel H. Golden’s complaint for failure to state a claim or in the alternative for a more definite statement. Earlier this year, Daniel H. Golden, as a Trustee of the […]

R. Hollenshead Auto Sales Sued For Alleged Clawback Transfers

November 9, 2021 admin

148

October 27, 2021, District of New Jersey – Plaintiff Charles M. Forman, as Plan Administrator for CTE 1 LLC (“Debtor”), initiates an adversary proceeding against R. Hollenshead Auto Sales & Leasing (“Defendant”) to avoid and recover transfers worth $3,246,200.00 as alleged preferences and fraudulent conveyances. Defendant is the largest volume wholesale car dealer. The complaint […]

New Article : Judge Lets Bankruptcy Trustee Pursue Case Against LeClair, United Lex

November 9, 2021 admin

11/8/2021 – Judge lets bankruptcy trustee pursue case against LeClair, UnitedLex (Author : Michael Schwartz) https://richmondbizsense.com/2021/11/08/judge-lets-bankruptcy-trustee-pursue-case-against-leclair-unitedlex/ (9)

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