New Cases

Tex-Gas Holdings Accuses Multiple Defendants of Fraud and Breach of Contract In a Transaction Involving $30,000,000.00 Revolving Loan

June 14, 2021 admin

June 1, 2021, Southern District of Texas – Debtor-Plaintiff Tex-Gas Holdings, LLC brings a lawsuit against two foreign individuals, a British Virgin Island company and three others, seeking a declaratory judgment to resolve a $30 million dispute between the parties regarding defendants’ failure to abide by their financing obligations under a promissory note, loan agreement, and […]

Coal Operator Cambrian Holding’s Trustee Seeks to Clawback $7.7M from Several Defendants

June 13, 2021 admin

199

June 11, 2021, Eastern District of Kentucky – Trustee Ellen Arvin Kennedy as a Liquidating Trustee of the Cambrian Liquidating Trust for the bankruptcy estate of Cambrian Holding Company, et al (“ Debtors”) brings clawback actions against thirteen defendants to avoid and recover alleged preference and fraudulent transfers under 11 U.S.C. §§ 547, 548 and 550 […]

Honorable Judge Kathy Surratt States Approves the Appointment of Rourke Law, LLC as a Special Counsel in Rolling Hills Apartments LLC Bankruptcy

June 12, 2021 admin

June 8, 2021, Eastern District of Missouri – The United States Bankruptcy Court for Eastern District of Missouri has recently approved the application of Rolling Hills Apartments, LLC (“Debtor”) for entry of an order authorizing the employment of Rourke Law, LLC as a special counsel for the Debtor. The case is In re Rolling Hills […]

Bankrupt Oil Field Equipment and Service Provider OFS International LLC Sues a Cyprus-Registered Steel Company For $10 Million Stock Deal

June 11, 2021 admin

327

May 31, 2021, Southern District of Texas – Debtors and Debtors in possession OFS International LLC (“OFSI”) and OFSI Holding LLC ( “Plaintiff ”or “Debtors”) recently commenced a lawsuit against TMK Steel Holding Limited (“TMK Steel” or the “Defendant”) under 11 U.S.C. §§ 544, 548 and 550 of the Bankruptcy Code for a stock deal allegedly […]

Judosn Barclay Poppen Appointed as a Special Counsel in Tranquility Group Bankruptcy

June 10, 2021 admin

June 3, 2021, Western District of Missouri – On June 3, 2021, Honorable Bankruptcy Judge Cynthia A. Nortonapproved the employment and retention of Judosn Barclay Poppen as a special counsel to the Tranquility Group, LLC (“Debtors”) in the bankruptcy case ( Case number – 21-601210) Earlier last month, on May 7, 2021, the Debtors had filed […]

Trustee Steven Weiss Accuses its President Of Breach of Fiduciary Duty, Conversion, and Turn Over Of Property

June 10, 2021 admin

108

June 9, 2021, District of Massachusetts – Trustee Steven Weiss for the bankruptcy estate of Troiano Trucking, Inc. & Troiano Realty, LLC (“ Debtors”) recently initiated an adversary proceeding against two individual defendants, seeking damages for breach of fiduciary duty, for conversion and turn over of property of the bankruptcy estate. Defendant Mark Troiano was the […]

Real Estate Developer 1121 Pier Village Sues Multiple Defendants for Alleged Unregulated Lending Practices, Seeks More Than $ 5Million in Mortgages and Loans

June 9, 2021 admin

167

May 27, 2021, Eastern District of Pennsylvania – Debtor-Plaintiff 1121 Pier Village LLC (“Pier”) and its four affiliates brought an adversary complaint against multiple defendants for avoidance and recovery of certain mortgages, loans, and forbearance agreement under Sec. 544, 548, and 550 of the Bankruptcy Code. According to the complaint, the case revolves around the Defendants’ […]

Cipla, Inc. Sued for Damages Based on its Alleged Submission and Subsequent Repudiation of Irrevocable Bids to Purchase Assets from Achaogen, Inc.

June 8, 2021 admin

May 27, 2021, District Of Delaware – Trustee Edward E. Niger as Plan Trustee of Achaogen Plan Trust for the bankruptcy estate of Debtor Achaogen, Inc. brings an action against Defendant Cipla, Inc. for damages based on Cipla’s alleged submission and subsequent repudiation of irrevocable bids to purchase certain assets from the Debtor while Debtor was […]

Trustee Rodney D. Tow Moves to Dismiss Adversary Proceeding Against a Luxurious Casino Resort on the Gulf Coast

June 7, 2021 admin

May 27, 2021, Southern District of Texas – Trustee Rodney D. Tow for the bankruptcy estate of Debtor Abousaoui Financial, LLC recently filed a motion to dismiss a complaint against Defendant Golden Nugget Lake Charles, LLC in a Texas Bankruptcy Court. According to the motion, the Trustee and Defendant have settled the matter amongst themselves […]

Massachusets Bankruptcy Judge Approves Appointment of Gray Legal Group as a Special Counsel in Shamrock Finance LLC Bankruptcy

June 5, 2021 admin

May 26, 2021, District of Massachusetts – On May 26, 2021, the Bankruptcy Court for the District of Massachusetts issued an order decreeing and approving the appointment of Gary Legal Group as a special counsel for Shamrock Finance LLC (“Debtor”) (Bankruptcy Case number – 21-10315) to assist Debtor in filing adversary proceedings to avoid the noteholders’ […]

Share this video

Enter your email and press subscribe (function() { window.mc4wp = window.mc4wp || { listeners: [], forms: { on: function(evt, cb) { window.mc4wp.listeners.push( { event : evt, callback: cb } ); } } } })(); Leave this field empty if you're human:

Enter your email and press subscribe (function() { window.mc4wp = window.mc4wp || { listeners: [], forms: { on: function(evt, cb) { window.mc4wp.listeners.push( { event : evt, callback: cb } ); } } } })(); Leave this field empty if you're human:

Enter your email and press subscribe

Enter your email and press subscribe