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IN RE CRED INC.

Case No. 20-12836 (JTD) (Jointly Administered) (Bankr. D. Del.) C.A. No. 23-461 (MN) Adv. Proc. No. 22-50398 (JTD) BAP No. 23-00020.

658 B.R. 783 (2024)

IN RE: CRED INC., et al., Debtors. Cred Inc. Liquidation Trust, Appellant, v. Uphold HQ Inc., et al., Appellees.

United States District Court, D. Delaware.

Signed March 27, 2024.

Attorney(s) appearing for the Case

Darren Azman , Andrew B. Kratenstein , Joseph B. Evans , Max J. Kellogg , McDermott Will & Emery LLP, New York, NY; David R. Hurst , McDermott Will & Emery LLP, Wilmington, DE — Attorneys for Appellant Cred Inc. Liquidation Trust.

Douglas W. Greene , Jorian L. Rose , Genevieve G. York-Erwin , Michael A. Sabella , Zachary R. Taylor , Baker & Hostetler LLP, New York, NY; Jeffrey J. Lyons , Baker & Hostetler LLP, Wilmington, DE — Attorneys for Appellees Uphold HQ Inc., et al.

MEMORANDUM OPINION

This appeal arises from the chapter 11 cases of Cred Inc. ("Cred") and certain affiliates (together "the Debtors") in an adversary proceeding initiated by the Cred Inc. Liquidation Trust ("the Trust") against defendants-appellees Uphold HQ Inc., Uphold Inc...

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