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.
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.
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.
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.
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.
Trustee Mark J. Schlant in the bankruptcy for IFS Filing Systems, LLC commences clawback actions against defendants to avoid and recover preferential transfers.
Insiders Jointly Liable for Debtor’s Debt Under Alter Ego/Reverse Veil Piercing Theory, Alleges Trustee in National Land Records Bankruptcy Case
Trustee Christopher J. Moser for the bankruptcy estate of National Land Records, LLC recently commenced an adversary proceeding against insider defendants on the principles of reverse veil piercing and the alter ego.
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.