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Trustee Cary Glickstein Charges Bonaventure 22 for $ 1.1M in Alleged Fraudulent Transfers, Argues That 160 Royal Palm Purportedly Mislead Foreign Investors At the Direction of Its Principal

Cary Glickstein, solely in his capacity as the liquidating trustee of 160 Royal Palm, LLC files a complaint against Bonaventure 22, LLC alleging that the Debtor, acting at the direction of its principal Matthews, transferred at least $1,150,000 of the Debtor’s funds to or for the benefit of the Defendant.

Breakwater Credit Opportunities Fund & Others Move for Partial Summary Judgment On Plaintiff’s Complaint to Recover $1M For Alleged Breach of Fiduciary Duty & Fraud in Old LC, Inc., et al Bankruptcy

Last week, Defendants Breakwater Credit Opportunities Fund, L.P. and others moved for partial summary judgment on the complaint brought by Official Committee of Unsecured Creditors of Old LC, Inc., et al for avoidance of preference and fraudulent transfers worth $ 1 million.