In the AFA Investment Inc. preference litigation, a summons has been issued scheduling the Pretrial Conference for June 30, 2014 at 11:30 a.m. The hearing will be held before Judge Walrath in courtroom no. 4 on the 5th floor at the Bankruptcy Courthouse for the District of Delaware. To view one of the summons issued
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AFA Investment Preference Actions Filed
By Fox Rothschild LLP on
Posted in Preference Litigation
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…
Magic Brands, Owner of Fuddruckers and Koo Koo Roo, Files for Bankruptcy
By Fox Rothschild LLP on
Posted in Bankruptcy Case Summaries
Introduction
Magic Brands, LLC, the owner of food chains “Fuddruckers” and “Koo Koo Roo,” filed for bankruptcy in Delaware on April 21, 2010. The company filed a chapter 11 petition for bankruptcy, hoping to reorganize its business and conduct a sale of most of its assets under section 363 of the Bankruptcy Code. This…