Download the full pdf of the complaint by clicking:here
July 20, 2022, US Bankruptcy Court for Southern Texas – Scott A. Rinaldi, in his capacity as trustee (the “Trustee”) of the BJ Services Wind-Down Trust and as sole representative of BJ Services, LLC and BJ Services Management Holdings Corporation (the “Debtors”) , files lawsuits against five Defendants to clawback alleged preference transfers pursuant to sections 547 and 550 of title 11 of the United States Code.
By background, the Debtors were a leading provider of hydraulic fracturing and cementing services to upstream oil and gas companies engaged in the exploration and production of North American oil and natural gas resources. The Defendants had allegedly provided goods and services to the Debtors for the operation of Debtors’ businesses.
The Trustee alleges that BJS Services, LLC transferred its property to or for the benefit of the Defendants on or within the ninety (90) days period prior to the filing of bankruptcy petition. The Trustee seeks to avoid and recover these transfers as alleged “preference transfers”. The claim amount adds up to $2,81,926.24.
The Defendants sued by the Trustee include Polaris Laboratories, LLC; Euler Hermes North America Insurance Company; Dakota Fluid Power, Inc. among others.
In re BJ Services, LLC and BJ Services Management Holdings, LLC, Case No. No. 20-33627, US Bankruptcy Court for Southern Texas.
Texas Oil Defendants Hit with $2.8M Clawback Suit For Alleged Preferences
By roland jones
rgj@rolandjones.com
Jones & Associates
Texas Oil Defendants Hit with $2.8M Clawback Suit For Alleged Preferences
Girardi Keese Trustee Files a Cluster of Lawsuits to Clawback Millions
Energy Company Seeks to Wrest Asset Sale Proceeds from Trustee
Trustee Seeks to Recover $6.5 M Fraudulent Conveyances from Alleged Insiders
Investors Sue Debtor’s Alleged Insiders for Fraudulent Conduct
Trustee Files Action to Clawback Alleged Non-Debtor Loan Repay
Chapter 11 Plan Buyer Sued for Allegedly Not Remitting the Payment to the Debtor
Debtor Alleges Non-Payment by Alleged “Alter-Ego” Entities and Sues Principal
Trustee Seeks Recovery of Alleged Subsequent Transfers to Charities
Download the full pdf of the complaint by clicking: here
July 20, 2022, US Bankruptcy Court for Southern Texas – Scott A. Rinaldi, in his capacity as trustee (the “Trustee”) of the BJ Services Wind-Down Trust and as sole representative of BJ Services, LLC and BJ Services Management Holdings Corporation (the “Debtors”) , files lawsuits against five Defendants to clawback alleged preference transfers pursuant to sections 547 and 550 of title 11 of the United States Code.
By background, the Debtors were a leading provider of hydraulic fracturing and cementing services to upstream oil and gas companies engaged in the exploration and production of North American oil and natural gas resources. The Defendants had allegedly provided goods and services to the Debtors for the operation of Debtors’ businesses.
The Trustee alleges that BJS Services, LLC transferred its property to or for the benefit of the Defendants on or within the ninety (90) days period prior to the filing of bankruptcy petition. The Trustee seeks to avoid and recover these transfers as alleged “preference transfers”. The claim amount adds up to $2,81,926.24.
The Defendants sued by the Trustee include Polaris Laboratories, LLC; Euler Hermes North America Insurance Company; Dakota Fluid Power, Inc. among others.
In re BJ Services, LLC and BJ Services Management Holdings, LLC, Case No. No. 20-33627, US Bankruptcy Court for Southern Texas.
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