New Cases

Trustee Seeks to Clawback $6.2M of Preferred Dividends Payments Made By Subsidiary

August 9, 2022 admin

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Download the full pdf of the complaint by clicking: here July 21, 2022, US Bankruptcy Court for Southern Ohio – GlassRatner Advisory & Capital Group, LLC, solely in its capacity as the trustee (the “Trustee”) of the Hopedale Creditors’ Trust brings an adversary proceeding against Weston Energy, LLC (the “Defendant”) to avoid and recover alleged […]

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Argo Partners Picks Up BK Claims in Tiger Oak Media Chapter 11 Bankruptcy

August 9, 2022 admin

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July 28, 2022, US Bankruptcy Court for Minnesota – Argo Partners, in its capacity as transferee, files evidence and notice pursuant to Rule 3001 (e)(2) of the Federal Rules of Bankruptcy Procedure with the United States Bankruptcy Court for Minnesota, regarding transfer of five claims in Tiger Oak Media bankruptcy case. Transferor Transferee Claim Amount […]

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District Court Reverses: BK Erred in Dismissing Malpractice Claim

August 9, 2022 admin

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Download the full pdf of the opinion by clicking: here July 29, 2022, US District Court for Southern New York – The US District Court for Southern New York reversed a Bankruptcy Court decision granting summary judgment to Defendants in the Basic Foods bankruptcy case. The plaintiffs Jae Ho Lee (“Lee”), his wife Soyoun Park […]

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Defendant Seeks Dismissal Citing Wrong Address Snafu

August 9, 2022 admin

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Download the full pdf of the opinion by clicking: here July 26, 2022, US Bankruptcy Court for Delaware – Willard Manufacturing, Inc. (the “Defendant”) files a motion to dismiss the claims asserted against it in the amended complaint of Alan D. Halperin, Liquidating Trustee (the “Trustee”) of the High Ridge Brands Liquidating Trust. HRB Winddown, […]

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Texas Oil Defendants Hit with $2.8M Clawback Suit For Alleged Preferences

August 9, 2022 admin

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Download the full pdf of the complaint by clicking: here July 20, 2022, US Bankruptcy Court for Southern Texas – Scott A. Rinaldi, in his capacity as trustee (the “Trustee”) of the BJ Services Wind-Down Trust and as sole representative of BJ Services, LLC and BJ Services Management Holdings Corporation (the “Debtors”) , files lawsuits […]

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Foreclosure Sale Winner Faces Trustee Fraudulent Conveyance Action

August 9, 2022 admin

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Download the full pdf of the complaint by clicking: here July 21, 2022, US Bankruptcy Court for Massachusetts – Gabhaltais Teaghlaigh LLC (“Debtor”) sues Synergy Funding, LLC and OHP LLC (“Defendants”) to avoid a foreclosure transfer of property allegedly belonging to the bankruptcy estate. The Debtor claims that the foreclosure sale was allegedly “unperfected” and […]

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Delaware Judge Rejects D&O’s MTD

August 9, 2022 admin

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Download the full pdf of the opinion by clicking: here July 27, 2022, US Bankruptcy Court for the District of Delaware – The US Bankruptcy Court for Delaware denied Defendants’ motion to dismiss the claim for breach of fiduciary duty alleged by Alfred T. Giuliano, the Chapter 7 trustee (“Trustee”) for bankruptcy estates of Nobilis […]

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Unpaid New Value Stays Unpaid Even When Later Paid Post Petition–11th Cir

August 9, 2022 admin

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Download the full pdf of the opinion by clicking: here July 18, 2022, US Eleventh Circuit Court of Appeals – The Eleventh Circuit Court of Appeals reversed the Bankruptcy Court’s order which had denied Auriga Polymers Inc. (“Defendant”) motion to offset its preference liability against the new value Auriga provided to Beaulieu Group, LLC (“Debtor”) […]

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New York District Court Nixes Shareholder’s Appeal in Trustee Suit

August 4, 2022 admin

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Download the full pdf of the opinion by clicking: here July 18, 2022, US District Court for Southern New York – The District Court for Southern New York granted Trustee Ian J. Gazes’ motion to dismiss Nicholas Gordon’s appeal from Bankruptcy Court’s orders. The orders dismissed the adversary proceeding filed by Nicholas Gordon against Trustee […]

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Wisconsin District Judge Throws Out Trustee Appeal, OK’s Earmarking Doctrine

August 3, 2022 admin

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Download the full pdf of the opinion by clicking: here July 15, 2022, US District Court for Eastern Wisconsin – The District Court for Eastern Wisconsin dismissed Trustee Douglas F. Mann’s appeal against the Bankruptcy Court order granting summary judgment in favor of Defendant LSQ Funding Group L.C. (“LSQ”) in the bankruptcy case of Engstrom, […]

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