On March 28, 2014, AFA Investment Inc. filed approximately 125 complaints seeking to avoid and recover alleged preferential transfers pursuant to Sections 547 and 550 of the Bankruptcy Code, to disallow claims of the defendants pursuant to Section 502(d), and seeking attorneys’ fees.  AFA Investment Inc., and various affiliated entities (the “Debtors”) filed petitions for

Introduction

On April 2, 2012, AFA Foods, Inc., and certain of its affiliates (collectively, “AFA”), filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  AFA is a Delaware company with operations based out of King of Prussia, Pennsylvania.  According to a court filing of the company’s CEO (the “Declaration”