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.
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 alleged breach of contract and for indemnity of an escrow account.
O.K. Cargo Corp Trustee Charges Insiders for Allegedly Diverting Debtor’s Money to Pay Their Personal Expenses and Non-Debtor Debts
Trustee Drew M. Dilworth sues Defendants DFS Services, LLC and Discover Bank, alleging that the insiders allegedly diverted the Debtor’s monies to pay their personal expenses as well as debts of their other companies from the Debtor's account.
Earlier this month, Vista Sand sued ProFrac Services, LLC for breach of contract and to recover damages it suffered as a direct and actual result of the breach.
Lehman Brothers Not Yet Done Suing Lenders, Continues to File Adversary Proceedings Against Mortgage Brokers
Lehman Brothers Holdings Inc. continues to file lawsuits to recover money damages from the defendants for the indemnification claims.
The plaintiffs in the bankruptcy case of Verity Health System of California Inc., et al brings 300 clawback lawsuits to set aside and recover alleged preferential transfers for the benefit of the Debtors’ estate.