Velti Inc.  Bankruptcy New Filing Alert: Complaint To Avoid Alleged Fraudulent Transfers

On November 3, 2015, a complaint to avoid alleged fraudulent transfers was filed in the bankruptcy case of Velti Inc.  and its affiliates.

The filing was assigned docket number 689 and is described on the court’s official docket as follows:

Adversary case 15-51873. Complaint to Avoid and Recover Transfers Pursuant to 11 U.S.C. §§ 548 and 550 by Charles C. Reardon, solely in his capacity as Litigation Trustee of the Velti Litigation Trust against Merrill Communications, LLC. Fee Amount $350 (13 (Recovery of money/property – 548 fraudulent transfer)),(14 (Recovery of money/property – other)). AP Summons Served due date: 03/2/2016. (Attachments: # (1) Exhibit A # (2) Notice of Dispute Resolution Alternatives) (Gellert, Ronald)

Velti Inc.  filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 4, 2013. 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 13-12878. The bankruptcy case is currently assigned to United States Bankruptcy Judge Peter Walsh. The law firm of DLA Piper US LLP is acting as lead bankruptcy counsel to Velti Inc.  in the bankruptcy case.


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