Leading Edge Logistics – Preference Actions Filed

Introduction

From May 11 through May 17, Alfred Giuliano, the Chapter 7 Trustee (the "Trustee") for the bankruptcy estate of Leading Edge Logistics, LLC (the "Debtor"), filed approximately 86 complaints in preference action cases. The Trustee filed these actions in the Delaware Bankruptcy Court and argued that the defendants hold assets belonging to the Debtor and that the payments received by various defendants are avoidable and subject to recovery under 11 U.S.C. § 547 of the United States Bankruptcy Code. This post will briefly cover the Debtor's bankruptcy proceedings. The Trustee is represented by the law firm Subranni Zauber LLC.

Background

The Debtor was a privately-held global logistics management company that provided truckload transportation, specialized heavy haul transportation, freight forwarding, international shipping, intermodal, air/ocean, contract carriage, and warehousing. At the time of the bankruptcy filing, one of the principal assets of