US Bankruptcy Court DNV Docket Feed

Denies Emergency Motion, Dismisses Hurst-Castl Chapter 11 Bankruptcy for Bad Faith

The United States Bankruptcy Court for the District of Nevada denied Tracy Lee Hurst-Castl's ex parte emergency motion for an open-ended extension to file an amended disclosure statement and plan, and dismissed her Chapter 11 bankruptcy case (No. 24-14610-gs) under 11 U.S.C. § 1112(b) for cause including bad faith and failure to file a viable disclosure statement and plan. The court found that dismissal is in the best interests of creditors and the estate, that appointment of a trustee is not warranted, and that no unusual circumstances favor conversion or continued administration. This marks at least the sixth Chapter 11 or subchapter V bankruptcy filing by the debtor since 2010, with multiple prior dismissals for similar reasons.

SBC Nevada LLC v. Miomni Sports Ltd. - Partial Summary Judgment Denied

The US Bankruptcy Court for the District of Nevada denied SBC Nevada, LLC's Motion for Partial Summary Judgment in adversary proceeding 22-01166-gs, finding SBC failed to establish that debtor Miomni Gaming Ltd. transferred intellectual property related to mobile sports betting applications to defendant Miomni Sports Ltd. The court found that Gaming held only a non-exclusive license to the IP owned by Miomni Holdings, Ltd., and that Holdings terminated Gaming's license and granted Sports a new license, meaning no property transfer occurred. Without evidence of a transfer, SBC's fraudulent transfer claims failed on a fundamental element, and its claims for successor liability and alter ego were also denied.

Essex Real Estate Partners LLC - Chapter 11 Distribution Ruling

The US Bankruptcy Court for the District of Nevada issued a memorandum decision on June 12, 2025 resolving objections filed by Anthony Pusateri and Ronald Fadel to a joint motion for distribution of remaining proceeds in the Chapter 11 liquidation of Essex Real Estate Partners LLC (Case No. 19-51486-gs). The court denied a motion to stay distribution as premature and addressed the disputed distribution to equity interest holders, particularly Preferred A unit holders entitled to a 50% per annum cumulative preferred return. The court conditionally approved the motion to distribute funds at a December 20, 2024 hearing but required additional detailed information before distributions could proceed.