February 24, 2022, District of Delaware – Alfred T. Giuliano, in his capacity as Chapter 7 Trustee for the estates of Debtors Art Van Furniture, LLC, et al., commences (40) forty clawback lawsuits for avoidance and recovery of alleged preferential transfers pursuant to Sections 547 & 550 of the Bankruptcy Code. The most significant cases in the group include :
| A.P. No. | Defendant | Amount of Claim |
| 22-50172 | Alan J. Sussman & Associates, Inc. | 6,045,437.14 |
| 22-50159 | Franklin Corp. | 2,607,198.39 |
| 22-50168 | Ascion LLC | 2,365,176.66 |
| 22-50169 | Ashley Furniture Industries, Inc. | 2,048,539.03 |
| 22-50163 | First-Citizens Bank & Trust Company, Elements International Group, LLC | 1,049,656.96 |
| 22-50175 | Hackney Home Furnishings, Inc. | 959,920.46 |
| 22-50186 | Clearprism, LLC | 799,598.45 |
| 22-50166 | Hooker Furniture Corporation | 571,939.12 |
| 22-50165 | Hillsdale Furniture LLC | 538,315.74 |
On March 8, 2020, the Debtors filed a voluntary petition with the United States Bankruptcy Court for the District of Delaware under Chapter 11 of the Bankruptcy Code. As specified in the complaint, before the filing of bankruptcy, the Debtors offered customers a wide array of home furnishings under several well-known brands, including Art Van Furniture, Pure Sleep, Scott Shuptrine Interiors, Levin Furniture, Levin Mattress, and Wolf Furniture. The case is In re Art Van Furniture, LLC, et al., jointly administered under Case No. 20-10553 (CSS). Honorable Judge Christopher S. Sontchi presides over the Debtors’ bankruptcy case. The Trustee is represented by the law firm of Pachulski, Stang, Ziehl, Young & Jones.
(147)