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ARTICLE · 13 NOVEMBER 2014

Dots, LLC Preference Actions Filed

Pierson Ferdinand LLP
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On November 7, 2014, in the neighboring jurisdiction of the United States Bankruptcy Court for the District of New Jersey, Dots, LLC, et al. filed approximately 70 complaints seeking to avoid and recover alleged preferential transfers.

United StatesInsolvency/Bankruptcy/Re-Structuring
Carl Neff
Carl Neff

On November 7, 2014, in the neighboring jurisdiction of the United States Bankruptcy Court for the District of New Jersey, Dots, LLC, et al. ("Debtors" or "Dots") filed approximately 70 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.

By way of background, the Debtors filed petitions for bankruptcy in the District of New Jersey on January 20, 2014. The Debtors are operating their businesses and managing their properties as debtors-in-possession.

The law firm of Trenk, DiPasquale, Della Fera & Sodono, P.C. are special counsel to the Debtors in these various preference cases. The pretrial conference has been scheduled for January 22, 2015 at 10:00 a.m. These adversary actions, as well as the Debtors' bankruptcy proceeding, are before the Honorable Donald H. Steckworth.

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