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IN RE AUTOBACS STRAUSS, INC.

Bankruptcy No. 09-10358 (CSS). Adversary No. 09-52849 (CSS).

473 B.R. 525 (2012)

In re AUTOBACS STRAUSS, INC., Debtor. Autobacs Strauss, Inc., and 1945 Route 23 Associates, Inc. and R & S Parts and Service, Inc., by their Chief Liquidating Officer Executive Sounding Board Associates, Inc., Plaintiffs, v. Autobacs Seven Co., Ltd. Kenichi Takeda, Akihiro Yamada, Hiroyoshi Kojima, and Yukuo Takenaka, Defendants.

United States Bankruptcy Court, D. Delaware.

May 21, 2012.

Attorney(s) appearing for the Case

Landis Rath & Cobb, Richard S. Cobb, James S. Green, Wilmington, DE, Kramer Levin Naftalis & Frankel LLP, Jeffrey S. Trachtman, Daniel M. Eggermann, Michael J. Sternhell, New York, NY, for Defendants Autobacs Seven Ltd., Koichi Sumino, Kenichi Takeda, Akihiro Yamada and Hiroyoshi Kojima.

Blank Rome LLP, Bonnie Glantz Fatell, Wilmington, DE, Harris N. Cogan, Jeremy L. Reiss, New York, NY, for Yukuo Takenaka.

Young Conaway Stargatt & Taylor, M. Blake Cleary, Jamie N. Luton, Michael S. Neiburg, Wilmington, DE, for Plaintiff Autobacs Strauss.

Milberg LLP, Jonathan M. Landers, Jerome M. Congress, Lois F. Dix, Gary S. Snitow, New York, NY, for All Plaintiffs.

Gibbons P.C., Natasha Songonuga, Wilmington, DE, for Plaintiffs 1945 Route 23 Associates and R & S Parts and Service, Inc., by their Chief Liquidating Officer Executive Sounding Board Associates, Inc.

OPINION1

CHRISTOPHER S. SONTCHI, Bankruptcy Judge.

INTRODUCTION

This adversary proceeding arises in the third Chapter 11 bankruptcy of a chain of stores providing automotive parts and services doing business as "Strauss Discount Auto." In 2007, through the plan of reorganization in the second Chapter 11 case, a Japanese company known as "AB7" — through two of its newly-formed...

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