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Cadence Innovation – Second Round of Bankruptcy Preference Settlements

Cadence Innovation LLC (the “Debtor”) is continuing to try and settle potential bankruptcy preference claims against vendors who received payments from the Debtor during the ninety (90) day period prior to the petition pate (the “Transfers). On August 28, 2009, the Debtor filed a motion for approval of its second round of bankruptcy [...]

Retailer 99 Cent Stuff Inc. – Final Set of Preference Actions Filed

Suppliers to retailers are frequently the targets of bankruptcy preference actions. Once more, for those suppliers who had thought the matter was over, the case illustrates that preference actions are like lingering time bombs.