Lang Holdings, Inc. – Current APScans Report of Bankruptcy Preference Adversary Proceedings

This daily APScans report covers the recent docket entries in the adversary proceedings brought by George L. Miller, Chapter 7 Trustee for recovery of avoidable transfers under Chapter 5 of the Bankruptcy Code, including preferential transfers under Section 547 (bankruptcy preferences).

 

Pre-Applied Filters: The following filings are not included in the "Current" APScan: certificates or affidavits of service, receipts for filing fees and other clerical matters.

Not For Individual Docket Monitoring: Pre-applied filters may eliminate important notices and certificates. A party to an adversary proceeding must not consider APScans to be a substitute for reviewing the docket of the proceeding in which it is a defendant.

 
 

This APScans is updated daily to cover filings made as of midnight on the previous day. This APScans covers filings ENTERED during the period from August 01, 2015 through September 29, 2015. .

AP No.Ent'd (Filed)Filed byDefendantCat.EventLang Holdings, Inc. APSCANS™
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    Adversary Proceedings Overview

    Lead Bankruptcy Case Name (Case Number): Lang Holdings, Inc. (09-12543)

    Bankruptcy Court District (Division): District of Delaware

    Petition Date: Chapter 11 petitions were filed on July 16, 2009; the cases were converted on November 25, 2009

    Associated Cases: The Associated Debtors are: LH Winddown, Inc. (f/n/a Lang Holdings, Inc.); LH Winddown Sub 1, Inc. (f/n/a/Turner Acquisition, Inc.); LH Winddown Sub 2, Inc. (f/n/a Avalanche Publishing Acquisition, Inc.); LH Winddown Sub 3, LLC (f/n/a The Lang Companies, LLC); LH Winddown Sub 4, Inc. (f/n/a Avalanche Publishing, Inc.); and LH Winddown Sub 5, Ltd. (f/n/a the Lang Store, Ltd.)

    Plaintiff: George L. Miller, Chapter 7 Trustee

    Number of Proceedings: 36

    When Filed: on July 15, 2011

    Adversary Proceeding Judge: Chief U.S. Bankruptcy Judge Kevin J. Carey

    Plaintiff's Counsel: Ciardi Ciardi & Astin, P.C. (Wilmington, DE) through its attorney Shannon D. Leight

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

     

    The Complaints

    The complaints do not meet the pleading standard previously applied by Judge Carey. However, the Trustee has taken extra effort to plead facts (including an attempt to incorporate the first day motion declaration) regarding the nature of the Debtors' business and its relationship with trade creditors. For this reason, it is unclear whether the Trustee is engaging in a "plead thin and amend" strategy or is trying to carve out a new pleading standard for preference complaints based on inference of antecedent debt solely from pleading the debtors' relationship with the defendants. A "plead thin and amend" strategy would require the Trustee to have access to the facts necessary to amend the complaints to identify the antecedent debts. Given the factual background of the Debtors' bankruptcy cases, there is reason to doubt that the Trustee has access to this information. Motions to dismiss in these adversary proceedings deserve close attention.

     

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