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IN RE DIRECT RESPONSE MEDIA, INC.

Bankruptcy No. 10-10058 (KG). Adversary No. 10-50855 (KG).

466 B.R. 626 (2012)

In re DIRECT RESPONSE MEDIA, INC. a/k/a On Target Media, Inc., Debtor. Jeoffrey L. Burtch, Chapter 7 Trustee, Plaintiff, v. Seaport Capital, LLC, Seaport Capital Partners III, L.P., Seaport Capital Partners III/A, L.P., Seaport Co-Invest III, L.P., Seaport Associates III, LLC, Seaport Investment Partners III, L.P., On Target Media Holdings, Inc., James J. Collis, Robert R. Tamashunas, Andrew Meyers, Maria B. Eden, Innovation Ads, Inc., Michael Lastoria, Michael Sickenius a/k/a Iain Grae, Richard Stewart, and Capital-Source Finance LLC, Defendants.

United States Bankruptcy Court, D. Delaware.

January 12, 2012.

Attorney(s) appearing for the Case

Gregory F. Fischer, Henry A. Heiman, M. Claire MeCudlden, Robert W. Pedigo, Cooch and Taylor, P.A., Wilmington, DE, for Plaintiff.

J.R. Julian, J.R. Julian, P.A., Edwards Angell Palmer & Dodge, LLP, Timothy P. Cairns, Pachulski Stang Young & Jones LLP, Gary H. Kaplan, Marshall, Dennehey, Warner, Coleman, James S. Yoder, White and Williams LLP, Jeffrey C. Wisler, Marc J. Phillips, Connolly Bove Lodge & Hutz LLP, Wilmington, DE, for Defendants.

OPINION1

Re D.I. Nos. 22, 43, 45, 76, 77, 78, 79, 80 & 173

KEVIN GROSS, Bankruptcy Judge.

Defendants CapitalSource Finance, LLC ("CapSource"), Seaport Capital, LLC and its affiliated defendants (collectively, "Seaport"), James Collis, Robert Tamashunas, Andrew Meyers, On Target Media Holdings, Inc. ("OTMH"), Innovation Ads, Inc. ("Innovation"), Michael Lastoria, Iain Grae a/k/a Michael Sickenius...

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