April 26, 2021 roland jones

OPeak LLC and Hain Capital Master Fund Purchase Claims Worth $1.2 Million in LATAM Airlines S.A Bankruptcy

Between April 20, 2021, and April 26, 2021, claims worth $1.2 million were reportedly bought by OPeak LLC and Hain Capital Master Fund in the LATAM Airlines S.A bankruptcy.

April 25, 2021 roland jones

Neosho Concrete Products Accuses Fiberglass Composite Manufactures of Alleged Breach of Contract

Plaintiff-Debtor Neosho Concrete Products Company sues Defendant Owens Corning Sales, LLC for alleged damages, specific performance of a contract and seeks declaratory relief as to the ownership or interest in 20,000 tons of Rockwool shot.

April 23, 2021 roland jones

GTC Works Seeks To Avoid Transfer of Liens Against the Debtor’s Assets Under Sec. 547

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.

April 22, 2021 roland jones

A Collectibles and Toys Wholesaler Seeks a Judicial Determination of Its and the Defendants’ Rights Under a Lease & Finance Agreement

Heo, Inc. recently commenced an adversary proceeding against Jae S. Yoo and Ah Sa Yoo, for declaratory relief, turnover of property and violation of the automatic stay under sections 542 and 362 of the Bankruptcy Code.

April 18, 2021 roland jones

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.

April 18, 2021 roland jones

Trustee Kapila Sues Black Diamond Group For $39M in Richert Funding Bankruptcy Case

Trustee Soneet R. Kapila for the substantively consolidated bankruptcy estate of Richert Funding, LLC and Dwight and Holly Richert sues Black Diamond Holdings, LLC and Black Diamond Financial Group, Inc. for alleged fraudulent transfers and damages.

April 16, 2021 roland jones

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.

April 16, 2021 roland jones

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.

April 14, 2021 roland jones

Tiger Oak Media Trustee Prosecutes Debtor’s CEO For Alleged Breach of Fiduciary Duty

Trustee Edwin H. Caldie for the estate of Tiger Oak Media, Inc. recently commenced an adversary proceeding against the Debtor’s CEO, Craig Bednar for alleged breach of fiduciary duty and fraudulent transfers

April 14, 2021 roland jones

Claims Worth Over $7 Million Bought by Wind Down Ltd Against Lehman Brothers

Earlier last week, CVI GVF (Lux) Master S.a.r.l sold their claims in the Lehman Brothers Holdings Inc. bankruptcy to Wind Down Ltd.

April 12, 2021 roland jones

A Leading Global Bank Acquires Claims Worth $3.8M in the LATAM Airlines Bankruptcy Case

Citigroup Financial Inc. recently acquired thirteen claims worth $3.8 million in the LATAM Airlines Group SA bankruptcy.

April 12, 2021 roland jones

More than 40 Adversary Proceedings Initiated in Achaogen, Inc. Bankruptcy Case

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.

April 10, 2021 roland jones

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.

April 9, 2021 roland jones

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.

April 8, 2021 roland jones

Creditors Continue to Sell Their Claims in The Hertz Corporation Bankruptcy

Fair Harbor Capital, LLC recently bought eighteen new claims worth 4144k in The Hertz Corporation bankruptcy.

April 8, 2021 roland jones

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.

April 7, 2021 roland jones

TRC Master Fund, LLC Acquires Claims in Forever 21, Inc. Bankruptcy

TRC Master Fund LLC recently purchased three (3) claims worth $243k in the fast-fashion retailer, Forever 21, Inc. bankruptcy.

April 5, 2021 roland jones

OFM II Purchases Claims Worth $4 Million Against Brazos Electric Power Cooperative

OFM II purchases claims worth more than $4 million in the Brazos Electric Power Cooperative bankruptcy.

April 3, 2021 roland jones

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

April 2, 2021 roland jones

Astria Health Demands $2M From a Leading Supplier of Health Information Technology (HIT) Services For Alleged Gross Negligence and Intentional Misrepresentations

Astria Health brings an action against Defendants Cerner Corporation and Cerner RevWorks, LLC for alleged gross negligence, breach of contract, breach of warranty, intentional misrepresentation, and return of transfers.