New Cases

Travelers Property Casualty Company of America Seeks Summary Judgment Against Legendary Field Exhibitions Trustee’s Preference Claim Concerning Insurance Premiums

September 15, 2021 admin

September 7, 2021, Western District of Texas – Defendant Travelers Property Casualty Company of America files a motion for summary judgment pursuant to Rule 7056 of the Federal Rules of Bankruptcy Procedure against Trustee Randy Osherow’s complaint to recover alleged preferential transfer from Travelers. The Trustee seeks to recover payments totaling $586,218.00 as preferential transfers […]

FI Liquidating Trust Files 125 Lawsuits to Recover Alleged Preferential and Fraudulent Transfers Worth $32M in the Bankruptcy Case of Fred, Inc.

September 14, 2021 admin

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September 9, 2021, District of Delaware – FI Liquidating Trust for the bankruptcy estate of Fred, Inc. recently initiated about one hundred twenty-five (125) lawsuits to avoid and recover transfers against several creditors and to disallow any claims held by them. Specifically, the Trust seeks to avoid and recover all preferential transfers of property that […]

Professional Fiduciary Services Files a Lawsuit to Recover $10M From Liquidating Trustee of Debtor Dahl’s Foods For Alleged Breach of Duty

September 13, 2021 admin

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September 1, 2021, Southern District of Iowa – Plaintiff John Michael Maier, Professional Fiduciary Services, LLC, as trustee for the Dahl’s Employee Stock Ownership Plan and Trust recently brought a lawsuit against Defendant Barry A. Chatz, the liquidating trustee of the Debtor Foods, Inc. Liquidating Trust for alleged breach of fiduciary duty and breach of […]

A Montana Court Rules on Disagreement About the Legal Classification of Pre-Petition Transactions & Trustee’s Preference Claim

September 13, 2021 admin

September 10, 2021, District of Montana – Debtor Shoot the Moon, LLC operated sixteen restaurants located throughout the three states. Debtor restaurants encountered various financial pressures and sought additional financing from various sources including merchant cash advance companies as Defendant CapCall. Debtor and CapCall consummated eighteen transactions under various written merchant agreements. Eventually, the Debtor […]

Pipeline Foods Seeks Turnover of Estate Property Worth $1.9M for Alleged Breach of Contract

September 10, 2021 admin

September 4, 2021, District of Delaware – Plaintiff Pipeline Foods, LLC brings a complaint for turnover of estate property, breach of contract, and conversion against Defendants Agri Exim DCMM and Suminter India Organics Pvt. Ltd under Section 542 of the Bankruptcy Code. Plaintiff also seeks damages for Defendants’ violations of the automatic stay of 11 […]

Bombardier Aerospace Corporation and Others Seek to Dismiss Trustee Jonathan D. King’s $54 million Clawback Suit to Recover Alleged Preferential & Fraudulent Payments

September 9, 2021 admin

September 7, 2021, Central District of California – Defendants Bombardier Aerospace Corporation, Bombardier Inc., Learjet, Inc., recently moved the Court to dismiss Trustee Jonathan D. King’s $54 million lawsuit for failure to state a claim upon which relief can be granted in the bankruptcy case of Zetta Jet USA, Inc. As alleged by the Defendants, […]

Postage By Phone Reserve Account Files a Motion to Dismiss Financial Oversight and Management Board for Puerto Rico’s Trustee’s Complaint for Lack of Personal Jurisdiction

September 9, 2021 admin

September 7, 2021, District of Puerto Rico – Defendant Postage By Phone Reserve Account files a motion for dismissal of the adversary proceeding brought by the Special Claims Committee of the Financial Oversight and Management Board for Puerto Rico and the Official Committee of Unsecured Creditors of all Title III Debtors, (the “Plaintiffs”) for lack […]

Clawback Actions Initiated in Petroshare Corp Bankruptcy Case

September 7, 2021 admin

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September 3, 2021, District of Colorado – Conflicts Trustee Timothy A. Million for the PetroShare Creditor Trust in the bankruptcy case of Debtor Petroshare Corp., et al prosecuted about fifteen (15) defendants earlier last week for avoidance and recovery of the alleged transfers worth approximately $1.5 million or the value thereof under Section 547 of […]

Trustee Bonnie C. Mangan Institutes Legal Action Against a Wholesale and Retail Landscape Nursery For Alleged Transfer of Debtor’s Property For Less Than Reasonably Equivalent Value

September 5, 2021 admin

August 30, 2021, District of Connecticut – Trustee Bonnie C. Mangan for the bankruptcy estate of Debtor Ace Begonias Inc. accuses Defendant Bethany Farm & Nursery, LLC to avoid and recover a transfer made on the eve of the Debtor’s bankruptcy filing, allegedly of all of the Debtor’s assets, its real property, and the improvements […]

Trustee Robert Michaelson Seeks $3.7M From Cardinal Health as Alleged Preferences in the Bankruptcy Case of Promise Healthcare Group, LLC, et al

September 3, 2021 admin

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August 30, 2021, District of Delaware – Plaintiff Trustee Robert Michaelson of Advisory Trust Group, LLC of the Promise Healthcare Group Liquidating Trust for the bankruptcy estate of Debtors Promise Healthcare Group, LLC, et al, brings a complaint for avoidance and recovery of preferential transfers pursuant to 11 U.S.C. §§ 502(d), 547 & 550 against […]

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