O'Connell v. Arthur Andersen LLP (In Re AlphaStar Insurance Group Ltd.)
United States Bankruptcy Court, S.D. New York
1Opinion of the Court
MEMORANDUM DECISION GRANTING IN PART AND DENYING IN PART THE MOTIONS TO DISMISS THE AMENDED COMPLAINT
STUART M. BERNSTEIN, Chief Judge.
This lawsuit arose out of the collapse and eventual bankruptcy of AlphaStar Insurance Group Ltd. (“AlphaStar”), and its numerous subsidiaries. Richard E. O’Con-nell, the chapter 7 trustee (the “Trustee”), commenced this adversary proceeding, inter alia, against AlphaStar’s former officers and directors, Arthur Andersen LLP, and several entities affiliated with Goldman Sachs (as defined below). The thrust of the allegations in the Trustee’s 121 page, 656…
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