Trustee Edward E. Neiger of the Achaogen Plan Trust, formed in connection with the bankruptcy case of Achaogen, Inc, initiated adversary proceedings against approximately forty-two defendants last week.
A Florida Court Rules in Favor of a Title Insurance Company Because Plaintiff Failed to Meet His Burden of Proof on Issue of Reasonably Equivalent Value
The Court ruled that a debtor's transfer of assets to a defendant was not avoidable as a fraudulent transfer under 11 U.S.C.S. § 548 and Fla. Stat. §§ 726.105, 726.106, because the debtor transferred tangible assets in exchange for the defendant's assumption of debtor's title insurance policy liabilities.
Argus Management Corporation Sues a Leading Gas and Fluid Control Solutions Provider for Alleged Breach of Contract
Argus Management Corporation, as a Liquidating Trustee of the Taylor Wharton International Liquidating Trust, recently brought a complaint against Sherwood Valve Products and others for breach of contract and for indemnity of an escrow account.
Deposit Funds Held by a Non-Debtor Third Party Under Its Sole Control is Not An Estate Property, Alleges Plaintiff in Figueroa Mountain Brewing Bankruptcy Case
Plaintiff Pacific Beverage Company sues a private equity and debt investment firm to seek a declaratory judgment under Sec. 541 of the Bankruptcy Code in the bankruptcy case of Figueroa Mountain Brewing, LLC.
Gustech Communications Trustee Seeks to Recover $83k as Preference and Fraudulent Transfers from American Express Bank and Others, Says Debtor Paid Principal’s Credit Card Debt
Trustee Robert Anderson for the estate of Gustech Communications LLC charges American Express Bank and others under Sec. 547 and Sec. 548 of the Bankruptcy Code to set aside certain payments as preference or fraudulent conveyances.
Astria Health Demands $2M From a Leading Supplier of Health Care Information Technology Solutions Due to Alleged Gross Negligence and Intentional Misrepresentations
Recently, Plaintiff Astria Health brought an action against Defendants Cerner Corporation and Cerner RevWorks, LLC for gross negligence, breach of contract, breach of warranty, intentional misrepresentations and for return of transfers.
Shelton Brothers, America’s Influential Importer of Belgian and European Beers, Demands $500K From One of its Distributor For Allegedly Breaching a Contract
Plaintiff-Debtor Shelton Brothers Inc. accuses Defendant Longbow Distribution, LLC of a breach of contract and seeks to turn over the property of the estate under Sec. 542 (b) of the Bankruptcy Code.
Debtors’ Managers Allegedly Used Company’s Account to Pay Its Own and other Entities’ Personal Expenses, Trustee Brings a Fraudulent Conveyance Action
Trustee Daniel E. Straffi for the bankruptcy estate of Camp Harmony, Inc. accuses Defendant Public Service Electric & Gas Company for receipt of fraudulent transfers.