On November 9, 2010, Richard D. Caruso, as Litigation Trustee of the Crucible Materials Corporation Creditors Litigation Trust, started the recovery of preferential transfers under Section 547 of the Bankruptcy Code. The adversary proceeding report on the Crucible Materials Corporation preference actions can be viewed by clicking this link. The following is a summary of the proceedings.

Adversary Proceedings Overview

Lead Bankruptcy Case Name (Case Number): In re Crucible Materials Corporation (09-11582)

Petition Date: The bankruptcy cases were commenced by the filing on May 6, 2009 of voluntary petitions for relief under Chapter 11 of title 11 of the United States
Code by the Debtors.

Filed in: United States Bankruptcy Court for the District of Delaware (Delaware)

Associated Cases: The Associated Debtor is Crucible Development Corporation.

Plaintiff: Richard D. Caruso, as Litigation Trustee of the Crucible Materials Corporation Creditors Litigation Trust

Number of Proceedings: Total:  129; 61 on November 9, 2010; 56 on November 10,2010; 12 on November 11, 2010

When Filed: Starting on November 9, 2010 through November 11, 2010

Adversary Proceeding Judge: Mary F. Walrath

Plaintiff’s Counsel: A.S.K. Financial LLP (Eagan, MN) through its attorney Joseph L. Steinfeld, Jr. and Eckert Seamans Cherin & Mellott LLC (Wilmington, DE) through its attorney Ronald S. Gellert

Preference Period: The complaint identifies the preference period as the period starting on February 5, 2009 through and including May 6, 2009.