AP Services LLP v. Silva
District Court, S.D. New York
1Opinion of the Court
MEMORANDUM OPINION
LEWIS A. KAPLAN, District Judge.
This is an action brought by the trustee of the CRC Litigation Trust (the “Trustee”), an entity created by the bankruptcy court to pursue claims on behalf of the bankrupt estate of Chem Rx Corporation (“CRC” or the “Company”), to avoid and recover transfers, and for other relief, in connection with a 2007 leveraged buyout of CRC’s predecessor in interest. It is brought under Sections 544(b) and 550 of the Bankruptcy Code and the New York Debtor & Creditor Law.
Facts
Defendant Jerry Silva founded B.J.K. Inc, a New York corporation doing business…
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