Geer v. Cox

MEMORANDUM ORDER AND OPINION GRANTING IN PART AND DENYING IN PART DEFENDANTS’ MOTIONS TO DISMISS AND STRIKE

ROBINSON, District Judge.

In a “Class Action and Derivative Complaint” (“Complaint”), plaintiff, as a shareholder of TransFinancial Holdings, Inc. (“TransFinancial”), seeks to assert derivative causes of action concerning the liquidation sale of assets by Crouse Cartage Company (“Crouse”), a subsidiary of TransFinancial, to RLR Investments and R & L Transfer (“R & L”). All of the proceeds from the sale were paid to Crouse’s secured creditors, Central States Pension Funds (“Pension Fund”)…