Lux Templum Moves for Summary Judgment Against Black Hemp Box To Avoid Alleged Fraudulent Transfer of $600K
February 10, 2022, District of Colorado – Plaintiff-Debtor Lux Templum, LLC moves for summary judgment against Defendant Black Hemp Box LLC (“BHB”) pursuant to Fed. R. Bankr. Proc. 7056 and LBR 7056-1 on its first claim for relief to avoid an alleged fraudulent transfer of $600,000.
As pointed out in the motion, Templum and BHB allegedly executed an agreement for BHB to sell Debtor a mobile industrial-scale hemp drying machine. Templum further argues that it allegedly borrowed $1.5 million from its predecessor-in-interest, P2Bi Holdings LLC, to finance Debtor’s drying machine purchase and allegedly transferred $600,000 to BHP for the purchase of a drying machine. Adding further, Templum claims that BHB allegedly did not deliver the drying machine to Debtor or refund the Debtor’s payments.
Accordingly, Templum requests the court to enter an order in its favor and against BHB, avoiding the transfer of $600,000 as alleged fraudulent under Section 548(a)(1)(B) as it allegedly received nothing in exchange for the transfers and the transfer depleted Debtor’s estate by $600,000.
In re: LUX TEMPLUM, LLC, Adversary Proc. No. 20-01203-MER