Bradford Capital Buys Revlon Claims
Bradford Capital, LP, in its capacity as transferee, files evidence and notices pursuant to Rule 3001(e)(1) of the Federal Rules of Bankruptcy Procedure
Court Says Pari Delicto Defense is Premature
The Nevada Bankruptcy Court denied dismissal of the bankruptcy Trustee’s suit against a law firm under Federal Rule of Civil Procedure 12(b)(6).
Dismissal Gambit Against “Barebones” 548 Complaint
Defendant JMLP Management, LLC (“JMLP”) brings a 12(b)(6) motion to dismiss the complaint filed by Daniel J. Sherman, the trustee (“Trustee”) for JupiterMLP, LLC (“Debtor”). The Trustee’s complaint seeks to avoid and recover alleged transfers
NovaWulf Picks Up $1.1M in Celsius Network Claims
NovaWulf Digital Management, LP among other transferees, files evidence and notice pursuant to Rule 3001(e)(2) of the Federal Rules of Bankruptcy Procedure
Phoenix II Buys Unliquidated Claims in MD Helicopters
Several claimants transfer their unliquidated claims pursuant to Rule 3001(e)(2) of the Federal Rules of Bankruptcy Procedure in MD Helicopters, LLC bankruptcy
Trustee Files Action to Clawback Alleged Non-Debtor Loan Repay
Albert Togut, solely in his capacity as the Chapter 7 Trustee (the “Trustee”) of the estate of Kossoff PLLC (the “Debtor”) makes a complaint against Defendants World Global Fund LLC (“WGF”) and Tenantracers, LLC (“Tenantracers”)
Court Rejects Business Judgment Rule Defense to Breach of Fiduciary Duty Claim
The Court denies in part and grants in part the motion filed by Peter Tsudis (the “Defendant”) to dismiss the complaint brought by KIND Operations, Inc. (the “KIND”)
Early Resignation Defeats 548 Action — Former CEO
Defendant Robert Schenkkan (“Schenkkan”) moves the Bankruptcy Court of Central California to dismiss the complaint filed by Howard Grobstein, the Chapter 7 trustee (“Trustee”) for BTL Machine (“Debtor”). The motion is filed under Federal Rule of Civil Procedure 12(b)(6)
Chapter 11 Plan Buyer Sued for Allegedly Not Remitting the Payment to the Debtor
Allan B. Mendelsohn, the chapter 7 trustee (the “Trustee”) for Catch 22 Liny Corp. (the “Debtor”) brings an adversary proceeding against Starfish Investors, LLC
Harvard Law School: “The Texas Two-Step: The Code Says it’s a Transfer”*
July 19, 2022 - Harvard Law School: “The Texas Two-Step: The Code Says it’s a Transfer” (Authors: Mark Roe and William Organek)
OPeak, LLC Buys Claim from Citigroup
OPeak, LLC transfers a $1.2 million claim (which it received from Citigroup Financial Products, Inc.) to OPeak, Ltd. in LATAM bankruptcy
Debtor Alleges Non-Payment by Alleged “Alter-Ego” Entities and Sues Principal
Keys Medical Staffing, LLC (“Keys” or “Debtor”) files a complaint against SavaSeniorCare LLC (“Sava”), SSC Equity Holdings LLC, et al., for the award of damages in the amount of $969,148.38 due to an alleged breach of contract.
Fraudulent Conveyance Defendants Seek Dismissal Based on Alleged Non-Existence of Promissory Note
Defendants Dolphin Direct Equity Partners, L.P. (“DDEP”), Dolphin Advisors, LLC (“Dolphin Advisors”), and Peter E. Salas (“Mr. Salas”) file a motion for summary judgment against the complaint of Anne Elizabeth Burns, the trustee (“Trustee”) of Hoactzin Partners, L.P. (“Debtor”)
Defendants Claim Trustee’s Complaint Lacks Details
Jupiter Brownsville LLC, JEG Holdings, LLC, et al. (“Defendants”), file a motion to dismiss the adversary proceedings brought by Daniel J. Sherman
Trustee Seeks Recovery of Alleged Subsequent Transfers to Charities
Richard Arrowsmith, in his capacity as Liquidating Trustee (the “Trustee”) of the HDL Liquidating Trust, brings adversary proceedings against forty Defendants to recover alleged subsequent “fraudulent transfers” made to these Defendants.
Stockholders Demand Turnover of Allegedly “Lost” Gemstones and Antiquities
The Ad Hoc Committee of Common Stockholders (the “Ad Hoc Committee”) of Aphex BioCleanse Systems, Inc. (the “Debtor”) sues the estate of John Bert Watson (“Watson Sr.”), John Fritzbert Watson (“Watson Jr.”)
Fifth Circuit — Foreclosures are Transfers
The Fifth Circuit Court of Appeals allowed a creditor to avoid a senior lien on a property purchased and foreclosed by the property owner, holding that the foreclosure was “fraudulent” as to the creditor under the Texas Uniform Fraudulent Transfer Act (“TUFTA”)
TRC Master Fund and Argo Partners Buy Claims in Fox Ortega Bankruptcy
TRC Master Fund LLC and Argo Partners buy several claims in the bankruptcy case of Fox Ortega Enterprises, Inc.
Celsius Network Engages in a Crypto Clawback Battle with Prime Trust
Celsius Network Limited and Celsius Network LLC (“Debtors”) bring an adversary proceeding against Prime Trust, LLC (“Defendant”) to seek turnover and transfer of crypto assets worth allegedly approximately $17 million at recent prices.
Contractor Trustee Sues for Construction Lien
BAK Advisors, LLC, as Liquidation Trustee of the Hollister Construction Liquidating Trust, sues Accordia Harrison Urban Renewal, LLC (“Defendant”) seeking construction lien over Accordia’s property situated at 700 Frank E. Rogers Boulevard, Harrison, New Jersey
