Blackwell v. Rio Management, Inc. (In Re Blackwell for the Estate of I.G. Services Ltd.)

Memorandum and Order Granting Defendants’ Motion to Dismiss Blackwell’s First Amended Complaint

LEIF M. CLARK, Bankruptcy Judge.

Defendants seek to dismiss the first amended complaint of Plaintiffs. For the reasons set out in this memorandum decision, that motion will be granted.

Plaintiff Len B. Blackwell (“Blackwell”), acting as liquidator of InverWorld, Ltd. (“Ltd.”) seeks to collect $1,020,000, plus interest and attorneys’ fees, from Rio Management, Inc. (“Rio Management”) on a promissory note Rio Management executed in favor of Ltd. (the “Rio Promissory Note”). Ltd. also seeks, via its…