Home New Cases Trustee Alfred T. Giuliano Initiates 40 “Clawback Lawsuits” in Art Van Furniture, LLC

Trustee Alfred T. Giuliano Initiates 40 “Clawback Lawsuits” in Art Van Furniture, LLC

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February 24, 2022, District of Delaware Alfred T. Giuliano, in his capacity as Chapter 7 Trustee for the estates of Debtors Art Van Furniture, LLC, et al., commences (40) forty clawback lawsuits for avoidance and recovery of alleged “preferential transfers” pursuant to Sections 547 & 550 of the Bankruptcy Code. The most significant cases in the group include :

A.P. No.DefendantAmount of Claim
22-50172Alan J. Sussman & Associates, Inc.$6,045,437.14
22-50159Franklin Corp.$2,607,198.39
22-50168Ascion LLC$2,365,176.66
22-50169Ashley Furniture Industries, Inc.$2,048,539.03
22-50163First-Citizens Bank & Trust Company, Elements International Group, LLC$1,049,656.96
22-50175Hackney Home Furnishings, Inc.$959,920.46
22-50186Clearprism, LLC$799,598.45
22-50166Hooker Furniture Corporation$571,939.12
22-50165Hillsdale Furniture LLC$538,315.74

On March 8, 2020, the Debtors filed a voluntary petition with the United States Bankruptcy Court for the District of Delaware under Chapter 11 of the Bankruptcy Code. As specified in the complaint, before the filing of bankruptcy, the Debtors offered customers a wide array of home furnishings under several well-known brands, including Art Van Furniture, Pure Sleep, Scott Shuptrine Interiors, Levin Furniture, Levin Mattress, and Wolf Furniture. The case is In re Art Van Furniture, LLC, et al., jointly administered under Case No. 20-10553 (CSS). Honorable Judge Christopher S. Sontchi presides over the Debtors’ bankruptcy cases. The Trustee is represented by the law firm of Pachulski, Stang, Ziehl, Young & Jones.

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