On January 3, 2013, Curtis R. Smith, as the Liquidating Trustee of the BGI Creditors Liquidating Trust in the Borders Group, Inc. Bankruptcy, commenced Chapter 5 preferential transfer recovery litigation in the Southern District of New York (Manhattan).


Debtor and Bankruptcy Case Overview

Lead Bankruptcy Case Name (Case Number):  Borders Group, Inc. (11-10614)

Bankruptcy Court District (Division):  Southern District of New York (Manhattan)

Petition Date:  February 16, 2011

Associated Debtors:  Borders Group, Inc., Borders International Services, Inc., Borders, Inc., Borders Direct, LLC, Borders Properties, Inc., Borders Online, Inc., Borders Online, LLC, and BGP (UK) Limited

Debtors' Industry Group:   Book Dealers Retail, Magazines Distributors (SIC 592)

Debtors' Business:   Nationwide book and magazine retailer.

Primary Industry Groupings of Defendants:   Publishers Book, Publishers (SIC 351); Paper Products Wholesale (SIC 5110)


Adversary Proceedings Overview

Plaintiff: Curtis R. Smith, as the Liquidating Trustee of the BGI Creditors Liquidating Trust

Number of Proceedings: 157

When Filed: from January 3 to January 31, 2013

Adversary Proceeding Judge: U.S. Bankruptcy Judge Martin Glenn

Plaintiff's Counsel: Lowenstein Sandler LLP attorneys Bruce Buechler, Bruce S. Nathan and David M. Banker

Avoidance Period: The complaint identifies the preference period as the period "[o]n or within 90 days before the Petition Date".



Related Materials:

As of the date of this post, Borders Group, Inc. continues to maintain a case administration website that includes the Case docket, including copies of the preference complaints filed to date. That case administration website can be reached by clicking this link. However, please note that subsequent filings in each adversary proceeding will not be made in the bankruptcy case.