Southern District

Securities Investor Prot. Corp. v. Bernard L. Madoff Inv. Sec. LLC

Ruling: 
Trustee in SIPA liquidation litigation could avoid and recover fictitious profits received bydefendant as a result of Ponzi scheme investment from defendant’s IRA. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on July 02,2021, LexisNexis #0821-067

Culligan Ltd., In re

Ruling: 
Debtor's Chapter 13 case was dismissed with cause due to debtor's failure to propose a feasibleplan, make plan payments, and file his tax returns. (B.A.P. 9th Cir.)
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Court: ( ) [ Bankruptcy Court ]
Consumer case opionion summary, case decided on June 29,2021, LexisNexis #0821-070

Ditech Holding Corp., In re

Ruling: 
Claim was disallowed and expunged as time-barred since claimant filed it approximately oneyear after the bar date expired and had not demonstrated excusable neglect in failing to timelyfile the claim. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on June 25,2021, LexisNexis #0821-031

KG Winddown, LLC, In re

Ruling: 
Dismissal was warranted as the debtors had sold substantially all of their assets, had nofurther operations, and had insufficient resources to fund a plan. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on June 09,2021, LexisNexis #0721-092

Helios, In re

Ruling: 
Proof of claim deemed timely filed where creditor received insufficient notice. (Bankr.S.D.N.Y.)
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Consumer case opionion summary, case decided on May 25,2021, LexisNexis #0721-047

Helios, In re

Ruling: 
Adversary proceeding dismissed as service addressed to nonexistent entity was defective.(Bankr. D.P.R.)
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Consumer case opionion summary, case decided on May 25,2021, LexisNexis #0721-049

Navient Sols., LLC, In re

Ruling: 
Involuntary debtor was entitled to reasonable attorneys' fees following dismissal. (Bankr.S.D.N.Y.)
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Commercial case opionion summary, case decided on May 11,2021, LexisNexis #0621-077

Aramid Entm't Fund, LLC, In re--Molner v. Reed Smith LLP

Ruling: 
Motion for remand based on mandatory or permissive abstention was denied becauseplaintiff's own description of his claims showed that claims arose in the underlyingbankruptcy. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on April 30,2021, LexisNexis #0621-072

Cyrus Capital Partners, L.P.

Ruling: 
Plaintiff's avoidance claims were timely because tolling was triggered by filing of Chapter15 petition. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on April 29,2021, LexisNexis #0621-026

Islamic Bank

Ruling: 
Official committee of unsecured creditors was entitled to turnover of funds that debtorinvested with foreign banks that were not entitled to setoff of those funds against debts owedto them by debtor. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on April 23,2021, LexisNexis #0621-014

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