Fraudulent transfer requests survive in Alchemy Ch. 7 Costume

By Bonnie Eslinger (June 28, 2022, 5:52 p.m. EDT) – A Delaware bankruptcy judge has rejected Anderson Media Corp’s offer. to dismiss a fraudulent transfer claim in litigation brought by the Chapter 7 trustee of defunct movie and TV show distributor Alchemy following a 2015 settlement between the companies, but has dismissed the claim for breach of fiduciary duty.

In his ruling on Monday, U.S. Bankruptcy Judge John T. Dorsey for the District of Delaware determined that trustee George Miller lacked standing to bring a breach of fiduciary duty and complicity in breach of fiduciary duty claim against the CEO of ‘Anderson Media, Charles C. Anderson. Junior and others…

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