New Cases

Debtor Stone Clinical Laboratories Brings Alleged Preference and Subordination Claims Against Whale Capital

January 26, 2022 admin

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January 13, 2022, Eastern District of Louisiana – Plaintiff-Debtor Stone Clinical Laboratories LLC initiates a lawsuit against a venture capital firm, Whale Capital, LP, to subordinate the latter’s claim to the claims of the other unsecured creditors of the Debtor. Stone Clinical also seeks to avoid any security interest asserted by Whale Capital in the Debtor’s […]

VOIP Guardian Partners I Accuses Former Directors and Officers Of Breach of Their Fiduciary Duty of Care and Loyalty, Also Seeks to Clawback Preferential Transfers and Fraudulent Conveyances

March 23, 2021 admin

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Trustee Timothy Yoo for the bankruptcy estate of VoIP Guardian Partners I, LLC seeks damages from certain former directors and officers of the Debtor for breach of their fiduciary duty of care and loyalty in their pre-petition management of the Debtor’s telecom factoring business.

CCI Global Sued For $2.8 Million in Alleged Fraudulent Transfers in Allied Energy Services

February 28, 2022 admin

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February 18, 2022, Northern District of Georgia – Jordan E. Lubin, as Chapter 7 Trustee for the bankruptcy estate of Debtor Allied Energy Services, LLC, institutes an adversary proceeding against Defendants CCI Global, Inc. (“Global”) & Comprehensive Consulting International, LLC (“CCI”) to avoid and set aside alleged transfers or recover property or its value for the benefit of the […]

WCP Fund, I Sued For Alleged Fraudulent Inducement and Negligent Misrepresentation

February 21, 2022 admin

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February 14, 2022, District of Maryland – Plaintiff-Debtor 1604 Isherwood, LLC, and its managing member Zaid Alli initiates a lawsuit against Defendants WCP Fund I, LLC and 1 Sharpe Opportunity Intermediate Trust for alleged fraudulent inducement and negligent misrepresentation. The Plaintiffs request the Court to disallow the Defendant’s proof of claim, rescind the alleged transaction, […]

About $10M Sought From Wolstenholme Irrevocable Trust as Alleged Fraudulent Conveyances

November 1, 2021 admin

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October 20, 2021, Eastern District of Pennsylvania – Plaintiff Trustee Terry P. Dershaw, Esq. for the estate of Debtor WM Robots, LLC recently sued Defendant Eugene B. Wolstenholme Irrevocable Trust to avoid and recover approximately $10,259,586.02 of transfers allegedly made by the Debtor under 11 USC §§ 544, 548, and 550, and the Pennsylvania Uniform […]

Visium Technologies Asks $5M as Damages From Defendants For Alleged Reckless Filing of an Involuntary Bankruptcy Case

April 10, 2021 admin

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Recently, Visium Technologies, Inc. commenced an adversary proceeding against three companies and their principals to seek damages due to alleged improvident, bad faith, wrongful, reckless filing of an involuntary bankruptcy case.

NY Trustee Alleges Fraudulent Conveyance by Diamond Finance

June 1, 2022 admin

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May 18, 2022, Bankruptcy Court Eastern District of New York – Marc Pergament, as Chapter 7 trustee (“Trustee”) of the bankruptcy estate of Diamond Finance Co., Inc. (“Debtor”) brings an action against Auto City International, Inc. and 2840 LLC for money damages and for the avoidance and recovery of fraudulent transfers of the Debtor’s property. […]

Bluefly Trustee Seeks to Recover Transfers Worth $1,300,000 as Fraudulent Conveyances

February 3, 2021 admin

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Bluefly Acquisition Trustee seeks to recover payments over $1M as actual fraudulent transfers.

Trustee Kapila Sues Black Diamond Group For Over $39M in Richert Funding Bankruptcy Case

April 17, 2021 admin

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Trustee Soneet R. Kapila for the substantively consolidated bankruptcy estate of Richert Funding, LLC and Dwight and Holly Richert sues Black Diamond Holdings, LLC and Black Diamond Financial Group, Inc.

Gyapomaa Kosei Inc. Sues Over 100 Named and Unnamed Defendants Alleging “Wrongful Foreclosure”; Seeks Damages

April 27, 2022 admin

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April 27, 2022, California – Gyapomaa Kosei Inc., a California debtor, has sued Select Portfolio Servicing, Inc., U.S. Bank National Association, Quality Loan Service Corporation and a hundred (100) unnamed defendants in a lawsuit alleging “wrongful foreclosure” among other claims. In its complaint, Gyapomaa alleges, inter alia, that one Edna Kuffour purchased a home which […]

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