OSBIG RECOVERS FOR FRAUDULENT MEMBERSHIP INTEREST REDEMPTION

This bankruptcy case received national attention as it affected schools and school districts around the country whose 50,000 computers were not serviced and the warranties and service contracts, they purchased were rendered worthless. On behalf of the bankruptcy trustee, OSBIG brought an avoidance action to avoid the fraudulent transfer of funds by the Debtor to redeem a membership interest from an insider in the Debtor company, at a time when the Debtor Company was worthless on its slide into bankruptcy. Settlement value $150,000+.

In re Staymobile Ventures, LLC: Bankruptcy Trustee v Sprock, Case #22-04164.

Opposing Counsel Fisherbroyles LLP.