On July 5, 2011, Charles M. Forman, Chapter 7 Trustee in the Kainos Partners Holding Company, LLC Bankruptcy, commenced Chapter 5 preferential transfer recovery litigation with the filing of 39 complaints in the District of Delaware. 

Adversary Proceedings Overview

Lead Bankruptcy Case Name (Case Number): Kainos Partners Holding Company, LLC (09-12292)

Bankruptcy Court District (Division): District of Delaware

Petition Date: On July 6, 2009 Chapter 11 petitions were filed as to 89 associated debtors and an additonal 5 associated debtors filed petitions in August and September 2009. The cases were converted to Chapter 7 on June 22, 2010.

Associated Cases: There are 94 associated debtors. The estates have been substantively consolidated.

Plaintiff: Charles M. Forman, Chapter 7 Trustee

Number of Proceedings: 39

When Filed: on July 5, 2011

Adversary Proceeding Judge: U.S. Bankruptcy Judge Brendan Linehan Shannon

Plaintiff's Counsel: Ciardi Ciardi & Astin (Wilmington, Delaware) through its attorney John D. McLaughlin, Jr.

Avoidance Period: The complaint identifies the preference period as the "90 day period prior to the Petition Date".

 

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