New Cases

Chowaiki & Co. Fine Art Trustee Files a Lawsuit To Redress an Alleged Harm Caused by Debtor’s Majority Equity Owner to the Debtor & Its Creditors

September 2, 2021 admin

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August 30, 2021, Southern District of New York – Plaintiff Trustee Albert Togut of the estate of Debtor Chowaiki & Co. Fine Art Ltd., files a lawsuit seeking damages for breach of fiduciary duties owed to the Debtor and its creditors by Defendant David Dangoor. The complaint allegedly seeks to redress the harm caused to […]

Argo Partner Buys $300K Claim in the L’Occitane, Inc Bankruptcy

September 2, 2021 admin

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September 1, 2021, District of New Jersey – Isobar Technologies Switzerland nka Merkle Technology, a global digital experience company, recently transferred its claim worth $300k to Argo Partners in LOccitane Inc. bankruptcy under a transfer agreement executed between the parties on August 30, 2021. Objections, if any to the transfer of claim, are required to be filed […]

New Adversary Proceedings To Clawback Transfers Initiated in Epic Companies, LLC Bankruptcy

September 1, 2021 admin

August 25, 2021, Southern District of Texas – Jeffrey T. Varsalone, as the Liquidating Trustee for Epic Companies, LLC Trust commences about thirty-one (31) adversary proceedings against several defendants, seeking to avoid and recover certain pre-petition transfers as preferences pursuant to sections 547 and 550 of Chapter 5 of title 11 of the Bankruptcy Code. […]

Matador Resources Company Files Motion for Summary Judgment Against Trustee’s $11.6 Million Claim to Avoid Alleged Fraudulent Transfers in Permian Crude Transport Bankruptcy Case

August 30, 2021 admin

August 26, 2021, Northern District of Texas – Last week, Defendant Matador Resources Company filed a motion for summary judgment on the actual and fraudulent transfer claims of Plaintiff Trustee Daniel J. Sherman of the estate of Debtor Permian Crude Transport, L.P. The Trustee’s claims are premised on the notion that Debtor allegedly paid $11.6 […]

Trustee Anne Elizabeth Burns Summons Business &Real Estate Consulting Company, Lasoroc International for Alleged Breach of Contract, Seeks $1.2 Million Towards Damages

August 25, 2021 admin

August 20, 2021, Northern District of Texas – Plaintiff Trustee Anne Elizabeth Burns for the bankruptcy estate of Liftgatetrans, LLC commenced an adversary proceeding seeking to recover damages from Defendants Lasoroc International, LLC and others for an alleged breach of contract and unjust enrichment concerning the purchase and sale of the Debtor. The Trustee also […]

United Lex Corporation Seeks Dismissal of Complaint to Recover $17M as Clawback Transfers in Bankruptcy Case of LeClairRyan PLLC

August 25, 2021 admin

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August 25, 2021, Eastern District of Virginia – Defendants ULX Partners, LLC, ULX Manager, LLC, and UnitedLex Corporation moves to dismiss a complaint filed by Trustee Lynn L. Tavenner of the bankruptcy estate of LeClairRyan PLLC to recover over $17 million, alleging preference and fraudulent transfer claims, misappropriation of trade secrets, breach of fiduciary duty, […]

Windfall From Sale of a Property is Subject to Recovery For the Benefit of Debtor and Its Creditors, Argues Debtor Suffern Partners

August 24, 2021 admin

August 20, 2021, Southern District of New York – Last week, Plaintiff-Debtor Suffern Partners, LLC brought a lawsuit against Defendant North 14th Street Realty Associates LLC to obtain recovery of an alleged benefit that Defendant received under Suffern’s efforts to sell a property – to which North 14 allegedly contributed nothing. As alleged in the […]

Ovonyx, Inc. and Micron Technology, Inc. Seeks Dismissal of a Complaint Brought by Energy Conversion Liquidation Trust to Recover $34M as Alleged Fraudulent Conveyances

August 23, 2021 admin

August 20, 2021, Eastern District of Michigan – Defendants Ovonyx, Inc. and Micron Technology, Inc. recently filed a motion to dismiss an adversary proceeding brought by Plaintiff Energy Conversion Liquidation Trust. The Trust sought to recover about $34M as alleged fraudulent transfers from the Defendants in the bankruptcy case of Energy Conversion Devices, Inc. Defendant argues that the Trust […]

International Surveillance Services Corporation Files a Motion to Dismiss Complaint Brought by Special Claims Committee of the Financial Oversight and Management Board for Puerto Rico to Recover $4.5 Million as Clawback Transfers

August 23, 2021 admin

August 20, 2021, District of Puerto Rico – Defendant International Surveillance Services Corporation (“ISSC) recently filed a motion to dismiss the adversary complaint to avoid and recover constructive fraudulent transfers and preferences and to disallow claims according to 11 U.S.C.§§ 502, 544,547, 548 and 550 and Puerto Rico Law under Fed. R. Civ. P. 12(b)(6)(1). […]

TBH19 LLC Trustee Sues a Defendant for Unauthorized Removal of Historic Fixtures From a Property of the Estate, Seeks Declaratory Relief, Injunction, and Turnover of Property

August 22, 2021 admin

August 20, 2021, Central District of California – Trustee Sam S. Leslie for the bankruptcy estate of TBH19, LLC brings a complaint against Defendant Leonard M. Ross for contempt of court, turnover of property, conversion, and replevin relating to an alleged unauthorized removal of historic fixtures from a property of the estate. The Trustee seeks […]

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