In a 32 page opinion entered December 5, 2017 Judge Gross of the Delaware Bankruptcy Court ruled on cross motions for summary judgment concerning an avoidance action in the Simplexity
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11 U.S.C. 547
RadioShack Preference Litigation has Begun – En Masse
On February 5, 2015, RadioShack and various related entities filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. We initially published a…
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Green Field Energy Services – Preference Actions Filed
On October 27, 2013, Green Field Energy Service, Inc. and a number of subsidiaries (the “Debtors”) filed for bankruptcy under Chapter 11 of the Bankruptcy Code in the United States…
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Assumption/Assignment of Contracts – Preference Defense
Many preference defendants are not aware of the fact that if their pre-petition contract with the debtor is assumed or assigned in the course of the bankruptcy, then such assumption/assignment…
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Furniture Brands International – Preference Litigation has Begun
On September 9, 2013, Furniture Brands International (“Furniture Brands”) and various related entities filed chapter 11 petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware. …
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Conex Bankruptcy – Summary Judgment in a Preference Action
In an 18 page opinion released December 18, 2014 in the Conex Holdings bankruptcy (Bank. D. Del. 11-10501), Judge Sontchi of the Delaware Bankruptcy Court analyzed the “ordinary course of…
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Dots, LLC Preference Actions Filed
On November 7, 2014, in the neighboring jurisdiction of the United States Bankruptcy Court for the District of New Jersey, Dots, LLC, et al. (“Debtors” or “Dots”) filed approximately 70…
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Graceway Pharmaceuticals Trustee Files Preference Complaints
On September 13th, the Liquidating Trustee (the “Trustee”) in the Graceway Pharmaceuticals (“Graceway”) bankruptcy filed preference complaints against approximately 25 different defendants. The Trustee is seeking to avoid…
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Pirinate Consulting, Trustee in NewPage Bankruptcy, Files Preference Actions
Introduction
Earlier this month, Pirinate Consulting Group LLC, in its capacity as Litigation Trustee (the “Trustee”) of the NewPage Creditor Litigation Trust, began filing complaints in the Delaware Bankruptcy Court…
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Trustee Files Preference Actions in Moll Industries Bankruptcy
Earlier this week, George L. Miller, the chapter 7 trustee (the “Trustee”) in the Moll Industries bankruptcy, began filng complaints seeking to avoid and recover what the Trustee alleges are…
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