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Suchika Mehra

Claims Over $1.4M Transferred in Citco Enterprises Inc.

JAKKS Pacific, Inc., Underwraps Costumes Inc. and Rubies II sell their claims worth approximately over $1.4M.

New Article : Madoff Trustee Scores Major Victory At Second Circuit

Madoff Trustee Scores Major Victory At Second Circuit: Inquiry Notice, Red Flags And What It All Means To The Recovery Effort For Victims Of Madoff's Ponzi Scheme ( Authors: Mark A. Kornfeld , Jordan D. Maglich and Lauren V. Humphries of Buchanan Ingersoll & Rooney PC)

New Adversary Proceedings To Clawback Transfers Initiated in Epic Companies, LLC Bankruptcy

Jeffrey T. Varsalone, as the Liquidating Trustee for Epic Companies, LLC Trust commences about thirty-one (31) adversary proceedings against several defendants, seeking to avoid and recover certain pre-petition transfers as preferences pursuant to sections 547 and 550 of Chapter 5 of title 11 of the Bankruptcy Code.

A Connecticut Court Denies Defendants’ Motion To Dismiss, Alleged Assets Were Transferred For Less Than Reasonably Equivalent Value

The Court denies a defendants’ motion to dismiss because trustee sufficiently supports its constructively fraudulent claims with plausible facts.

Bankrupt Oil Field Equipment and Service Provider OFS International LLC Sues a Cyprus-Registered Steel Company For a $10 Million Stock Deal

OFS International LLC and OFSI Holding LLC recently commenced a lawsuit against TMK Steel Holding Limited to recover an alleged $10 million transfer of cash made by OFSI, through its parent company OFSI Holding, to TMK Steels as payment for the purchase of TMK Steel’s 49% of the outstanding shares in OFSI Holding

Massachusets Bankruptcy Judge Approves Appointment of Gray Legal Group as a Special Counsel in Shamrock Finance LLC Bankruptcy

On May 26, 2021, the Bankruptcy Court for the District of Massachusetts issued an order decreeing and approving the appointment of Gary Legal Group as a special counsel for Shamrock Finance LLC to assist Debtor in filing adversary proceedings to avoid the noteholders’ unperfected security interests that exist, as averred by the United States Trustee.
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