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KDW RESTRUCTURING & LIQUIDATION v. GREENFIELD

No. 12 Civ. 258.

874 F.Supp.2d 213 (2012)

KDW RESTRUCTURING & LIQUIDATION SERVICES LLC, as Trustee of the Jennifer Convertibles Litigation Trust, Plaintiff, v. Harley GREENFIELD, Edward G. Bohn, Kevin L. Coyle, Rami Abada, Mark J. Berman, Edward B. Seidner, Kevin Mattler, and Leslie Falchook, Defendants.

United States District Court, S.D. New York.

June 12, 2012.

Attorney(s) appearing for the Case

Clifford A. Katz, Esq., Platzer, Swergold, Karlin, Levine, Goldberg & Jaslow, LLP, New York, NY, for Plaintiff.

Nicole Gueron, Esq., Isaac Zaur, Esq., Clarick Gueron Reisbaum, LLP, New York, NY, for Defendants Greenfield and Seidner.

Russell M. Yankwitt, Esq., Yankwitt & McGuire, LLP, White Plains, NY, for Defendants Bohn, Coyle, and Berman.

Renee M. Zaytsev, Esq., Thomas J. Fleming, Esq., Olshan Grundman Frome Rosenzweig & Wolosky LLP, New York, NY, for Defendants Abada, Mattler, and Falchook.

OPINION AND ORDER

SHIRA A. SCHEINDLIN, District Judge.

I. INTRODUCTION

KDW Restructuring & Liquidation Services LLC, trustee of the litigation trust held on behalf of debtor Jennifer Convertibles, Inc. ("Jennifer"), brings this action to recover losses stemming from 2009 transactions between Jennifer and Jara Enterprises, Inc. ("Jara"). Defendants include members of Jennifer's 2009 Board...

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