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Michael L Einterz of Einterz and Einterz Appointed as a Special Counsel in Gudorf Supply Company, Inc. Bankruptcy

The United States Bankruptcy Court for Southern District of Indiana recently approved the employment and retention of Michael L Einterz of Einterz and Einterz as a special counsel to the Gudorf Supply Company, Inc. in its bankruptcy case

McNider Marine Trustee Brings a Lawsuit Against Multiple Defendants to Recover $600K Allegedly Paid Under a Forbearance Agreement

Trustee Terrie S. Owens for the bankruptcy estate of McNider Marine, LLC & John Brice McNider accuses Cain & Daniels, Inc., Keersten Heskin Martine, and multiple other defendants to turnover the amounts previously paid and received pursuant to a judgment in a lawsuit and under a forbearance agreement.

About 198 Clawback Actions Initiated in Exide Holdings, Inc. Bankruptcy

Trustee Peter Kravitz for the GUC Trust of Exide Holdings, Inc. recently commenced one hundred and ninety eight clawback actions against several creditors to avoid and recover alleged preferential transfers and fraudulent conveyances pursuant to sections 547, 548 and 550 Bankruptcy Code.

Citigroup Financial Products, Inc. Acquires $31 Million Claim in Latam Airlines Group Bankruptcy, Files a Transfer Agreement

Citigroup Financial Products, Inc. files a transfer agreement pursuant to FRBP 3001(e) (2) evidencing transfer of a general unsecured claim worth $31,729,749.00 (Claim Number 1824) from Banco Santander – Chile in Latam Airlines Group, S.A.

Rackwise Inc. & Rackwise Funding Moves to Dismiss Trustee Kapila’s Complaint Allegedly Seeking to Clawback Over $38M Towards Damages, Breach of Contract & as Preference & Fraudulent Transfers

Earlier this month, Defendants Rackwise, Inc. and Rackwise Funding II, LLC, moved for dismissal of a complaint filed by Plaintiff, Soneet R. Kapila, as Chapter 7 Trustee for the substantively consolidated bankruptcy estate of Richert Funding, LLC, Dwight Donald Richert and Holly Berry Richert under Rule 12 of the Federal Rules of Civil Procedure, as adopted by Fed.R.Bankr.P. 7012.

An IIlinois Bankruptcy Court – A Corporate Fiduciary Need Not “Give Up” His Contractual Rights To His Detriment To Fulfill His Fiduciary Duty

The Court dismisses Trustee's fraudulent transfers and breach of fiduciary duty claims because neither could the trustee prove a transfer, nor breach of duties.

Argo Partners Acquire Claims Over $100M in An Artificial Intelligence Chip Designer’s Bankruptcy Case

Several creditors filed transfer agreements with the United States Bankruptcy Court for Northern District of California, recording assignment of their claims against an artificial intelligence chip start-up Wave Computing Inc. to a New York City investment firm.

Labsource Trustee Brings A Fraudulent Action Against Luxor Scientific, Innovative Scientific Solutions & Others

Trustee John K. Fort for the bankruptcy estate of Labsource, LLC brings a lawsuit against a clinical laboratory, a scientific consulting firm, and a few others for an alleged actual and constructive fraud under Sec. 548 of the Bankruptcy Code.

Tex-Gas Holdings Accuses Multiple Defendants of Alleged Fraud and a Breach of Contract In a Transaction Involving $30M Revolving Loan

Tex-Gas Holdings, LLC brings a lawsuit against two foreign individuals, a British Virgin Island company and three others, seeking a declaratory judgment to resolve a $30 million dispute between the parties regarding defendants’ failure to abide by their financing obligations under a promissory note, loan agreement, and a deed of trust.