• Healthcare Real Estate Partners, LLC v. Summit Healthcare REIT, Inc.

    Publication Date: 2022-03-08
    Practice Area: Bankruptcy
    Industry: Health Care | Real Estate
    Court: U.S. Bankruptcy Court
    Judge: Judge Goldblatt
    Attorneys: For plaintiff:
    for defendant:

    Case Number: D69737

    The court deferred ruling on the motion to dismiss on the pleadings because there was a dispute among federal appellate districts as to whether a corporations qualified as an individual under § 362(k) of the U.S. Bankruptcy Code. Additionally, the court refused to dismiss plaintiffs' claim for declaratory judgment until evidence was taken. Finally, the court held it did not have jurisdiction to hear three state-law counterclaims because they were filed after the bankruptcy case was dismissed. Motion to dismiss denied in part, granted

  • In Re: AMC Investors, LLC

    Publication Date: 2022-02-08
    Practice Area: Bankruptcy
    Industry: Investments and Investment Advisory
    Court: U.S. Bankruptcy Court
    Judge: Judge Sontchi
    Attorneys: For plaintiff: Mark D. Collins, Marcos A. Ramos, Cory D. Kandstein, Richards, Layton & Finger, P.A., Wilmington, DE; Mitchell A. Karlan, Gibson, Dunn & Crutcher LLP, New York, NY for plaintiff.
    for defendant: Curtis S. Miller, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Brian P. Miller, Samantha J. Kavanaugh, James A. Bombulie, Akerman LLP, Miami, FL for defendants.

    Case Number: D69704

    Breach of fiduciary duty claims were untimely where plaintiffs were on notice of the claims over a decade prior as the same claims had been asserted against several of the plaintiffs in a related action.

  • In re: The Art Inst. of Philadelphia LLC

    Publication Date: 2022-02-01
    Practice Area: Bankruptcy
    Industry: Education
    Court: U.S. Bankruptcy Court
    Judge: Judge Goldblatt
    Attorneys: For plaintiff:
    for defendant:

    Case Number: D69701

    Director/officer breach of fiduciary duty claims dismissed to the extent those claims were based on allegedly unlawful conduct that occurred outside of the statute of limitations period prior to the filing of debtor's bankruptcy petition.

  • In re Woodbridge Group of Co., LLC

    Publication Date: 2021-12-28
    Practice Area: Bankruptcy
    Industry: Investments and Investment Advisory
    Court: U.S. Bankruptcy Court
    Judge: Judge Stickles
    Attorneys: For plaintiff:
    for defendant:

    Case Number: D69654

    The court held that, in this adversary proceeding, the trustee's delay in moving to amend its complaint was not undue; if the amendment was allowed, the defendant would not suffer prejudice, the motion was not brought in bad faith, and the amend-ment would relate back to the original complaint for purposes of the applicable statute of limitations.

  • In re: EHT US1, Inc.

    Publication Date: 2021-12-07
    Practice Area: Bankruptcy
    Industry: Hospitality and Lodging
    Court: U.S. Bankruptcy Court
    Judge: Judge Sontchi
    Attorneys: For plaintiff: Seth Van Allen, G. David Dean, Justin R. Alberto, Cole Schotz, P.C., Wilmington, DE; Luc A. Despins, Nicholas A. Basset, G. Alexander Bongartz, Paul Hastings LLP, New York, NY for plaintiff.
    for defendant: Bruce W. McCullough, Bodell Bove, LLC Wilmington, DE for defendants.

    Case Number: D69630

    Bankruptcy court could hold adversary proceeding defendants in civil contempt for failure to comply with the court's preliminary injunction order requiring a detailed accounting and enjoining defendants from dissipating or otherwise transferring their assets, after defendants' accounting was woefully deficient and defendants expressly stated their intention to transfer funds.

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  • Lynch v. Jacobs

    Publication Date: 2021-12-07
    Practice Area: Bankruptcy
    Industry:
    Court: U.S. District Court of Delaware
    Judge: District Judge Noreika
    Attorneys: For plaintiff: Michael D. Lynch, Candence B. Lynch, pro se appellants
    for defendant: Miami, FL. Victoria A. Guilfoyle, Brian J. Hall, Blank Rome LLP, Wilmington, DE; Mark S. Indelicato, Jeffrey Zawadski, Hahn Hessen LLP, New York, NY for appellee.

    Case Number: D69637

    Because appellants attempted to re-litigate arguments that were already considered and rejected by the court, their motion to basically re-open their bankruptcy matter failed to satisfy the requirements of either Fed. R. Civ. P. 59(e) or 60(b).

  • In re: Park Place Dev. Primary, LLC

    Publication Date: 2021-11-16
    Practice Area: Bankruptcy
    Industry: Construction | Real Estate
    Court: U.S. Bankruptcy Court
    Judge: Judge Sontchi
    Attorneys: For plaintiff: Marcy J. Mclaughlin Smith, Troutman Pepper Hamilton Sanders LLP, Wilmington, DE; Gary W. Marsh, Troutman Pepper Hamilton Sanders LLP, Atlanta, GA; Brett D. Goodman, Troutman Pepper Hamilton Sanders LLP, New York, NY for debtor.
    for defendant: Daniel A. O’Brien, Venable LLP, Wilmington, DE; Jeffrey S. Sabin, James E. Frankel, Gary L. Rubin, and Carol A. Weiner, Venable LLP, New York, NY for creditors.

    Case Number: D69612

    Involuntary bankruptcy petition dismissed as having been filed in bad faith, where petitioning creditors represented contractors holding mechanic's liens and the totality of the circumstances indicated that petitioners sought to avoid extinguishment of their claims in a related foreclosure action and instead litigate in the more favorable forum of the bankruptcy court.

  • In Re Windhaven Top Ins. Holdings, LLC

    Publication Date: 2021-11-02
    Practice Area: Bankruptcy
    Industry: Consulting | Insurance
    Court: U.S. Bankruptcy Court
    Judge: Judge Sontchi
    Attorneys: For plaintiff: Lisa Bittle Tancredi, Gebhardt & Smith LLP, Wilmington, DE for Risk & Regulatory Consulting, LLC. Mark E. Felger, Barry M. Klayman, Gregory F. Fischer, Wilmington, DE for Jeoffrey L. Burtch, Chapter 7 Trustee.
    for defendant: Eric D. Schwartz, Matthew B. Harvey, Paige N. Topper, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Pater Ivancik, Alex M. Sher, Hogan Lovells US LLP New York, NY for Atalaya Capital Management LLP, Atalaya Special Opportunities Fund VII LP and Midtown Madison Management LLC.

    Case Number: D69596

    The court held that the Bankruptcy Code was not reverse preempted by the Texas Insurance Code because the underlying dispute was a contract dispute, but not the business of insurance.

  • In Re: Essar Steel Minnesota, LLC

    Publication Date: 2021-10-27
    Practice Area: Bankruptcy
    Industry: Manufacturing
    Court: U.S. Bankruptcy Court
    Judge: Judge Goldblatt
    Attorneys: For plaintiff:
    for defendant:

    Case Number: D69585

    In this adversary proceeding, the court found that the litigation trustee had met his burden in pleading plausible factual al-legations to show the court had subject-matter jurisdiction over the matter, personal jurisdiction over defendant, and had pled facts sufficient to state a claim for aiding and abetting breach of fiduciary duty.

  • In re: NNN 400 Capitol Ctr. 16 LLC

    Publication Date: 2021-10-27
    Practice Area: Bankruptcy
    Industry: Legal Services
    Court: U.S. District Court of Delaware
    Judge: District Judge Connolly
    Attorneys: For plaintiff:
    for defendant:

    Case Number: D69588

    Bankruptcy court properly sanctioned and disqualified special counsel where it failed to disclose the nature of its business structure and the fact that it had financial arrangements that were adverse to the interests of debtor clients regarding matters for which counsel had been retained.