Karmaloop, Inc. Bankruptcy New Filing Alert: Complaint To Initiate An Adversary Proceeding

On May 26, 2015, a complaint to initiate an adversary proceeding was filed in the bankruptcy case of Karmaloop, Inc. and its affiliates.

The filing was assigned docket number 242 and is described on the court’s official docket as follows:

Adversary case 15-50315. Complaint / Verified Complaint for Declaratory and Injunctive Relief by Karmaloop, Inc., KarmaloopTV, Inc. against TC Tradeco LLC. Fee Amount $350 (72 (Injunctive relief – other)),(02 (Other (e.g. other actions that would have been brought in state court if unrelated to bankruptcy))),(91 (Declaratory judgment)). AP Summons Served due date: 09/23/2015. (Attachments: # (1) Exhibit A – Verification of Brian L. Davies, Jr. # (2) Exhibit B) (Kortanek, Steven)

Karmaloop, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 23, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 15-10635. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Carey. The law firm of Burns & Levinson LLP is acting as lead bankruptcy counsel to Karmaloop, Inc. in the bankruptcy case.


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