GTC Works, LLC recently brought an adversary proceeding according to Rule 7001 of the Federal Rules of Bankruptcy Procedure to determine the rights of the defendants in the sale proceeds and to avoid transfers of certain liens against the Debtor’s assets.
Permian Crude Transport Trustee Sues a Dallas-Based Energy Company for Alleged Fraudulent Payments Worth $11M
Plaintiff Daniel J. Sherman, as the duly appointed Chapter 7 trustee of the estate of Permian Crude Transport, L.P. charges Matador Resources Company for the avoidance and recovery of fraudulent transfers worth $11M under sections 24.005, 24.006, and 24.013 of the Texas Uniform Fraudulent Transfer Act and sections 544, 548, and 550 under title 11 of the Bankruptcy Code.
Trustee Allan B. Mendelsohn Seeks a Declaratory Judgment to Recover Alleged Fraudulent Transfers in SRS Capital Bankruptcy Case
Plaintiff Trustee Allan B. Mendelsohn for SRS Capital Funds, Inc. sues Defendant, Y.S.S.S. LLC to avoid and recover certain amounts transferred to Defendant within four (4) years before the filing of the bankruptcy petition, as fraudulent conveyances.
Bankrupt GenCanna Sues Creditors For Unpaid Hemp Products, Seeks to Recover $1.7M For Alleged Unjust Enrichment and Breach
Bankrupt hemp-derived cannabinoids company OGGUSA, Inc. (f/k/a GenCanna Global USA, Inc.) recently initiated adversary proceedings against five defendants, alleging breach of contract and unjust enrichment.
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.
Visium Technologies Asks $5M as Damages From Defendants For Alleged Reckless Filing of an Involuntary Bankruptcy Case
Recently, Visium Technologies, Inc. commenced an adversary proceeding against three companies and their principals to seek damages due to alleged improvident, bad faith, wrongful, reckless filing of an involuntary bankruptcy case.
Deposit Funds Held by a Non-Debtor Third Party 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.
O.K. Cargo Corp Trustee Charges Insiders for Allegedly Diverting Debtor’s Money to Pay Their Expenses and Non-Debtor Debts
Trustee Drew M. Dilworth sues insiders for allegedly diverting the Debtor’s monies to pay their personal obligations and debts of another company from the Debtor's account.
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.