Amini LLC successfully defended Automaton, Inc. against a preliminary injunction motion filed with the appellate division, first department, seeking to compel the issuance of preferred equity to a convertible noteholder that had served a conversion notice. The preferred equity had not been authorized by the company’s charter. The principal defense focused on the application of […]

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Amini LLC recently obtained a favorable decision from the Hon. Andrea Masley (New York State Supreme Court, Commercial Division) dismissing most of BDO USA’s claims against our clients, who are former employees. BDO alleged our clients breached their respective management contracts by misusing confidential information and engaging in unauthorized side work. The court granted summary

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We are pleased to announce that our Chapter 15 client, Go North Group AB, prevailed in a dispute with its largest trade creditor, BSB Industries LLC, in its Swedish reorganization proceedings. After the commencement of the Chapter 15 case, but prior to the hearing to consider provisional relief, an arbitrator issued an interim award directing

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Amini LLC achieves a resounding appellate victory resulting from a high-stakes, 8-figure commercial trial in the Bankruptcy Court against Lynn Tilton, the ”Diva of Distressed”. Amini’s team held Lynn Tilton and her enterprise, Patriarch Partners, accountable for marked breaches of fiduciary duty and fraudulent transfers at the ambulance company Tilton controlled, TransCare, a key 911

2nd Circ. Says Lynn Tilton Owes $39.2 M to TransCare Estate Read More »

The newly announced $8 million settlement is much smaller than an initial $37 million claim from the U.S. Department of Education. The department’s primary concern was that FCC Holdings pay back all of the money its colleges had received in Pell Grants for the 2013-14 academic year — about $32 million, said Avery Samet. Samet is an attorney

For Profit Chain’s Bankruptcy Grinds to an End Read More »

Clingman & Hanger Management Associates, LLC  and Amini LLC today announced the approval of a settlement agreement with the US Department of Education (DOE), clearing the way for a final resolution of the complex bankruptcy of FCC Holdings, Inc.  Prior to its 2014 bankruptcy, FCC operated 41 for-profit schools under the trade names Florida Career

Court Approves Trustee’s Settlement with US Government Closing the Bankruptcy of For-Profit, Post-Secondary Schools Operator, Florida Career College Read More »