Here are some of the recent federal court opinions that we're focused on today:
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Securities Investor Protection Corporation v. BERNARD L. MADOFF INVESTMENT SECURITIES LLC (Adv. Proc. No. 08-01789 (SMB), United States Bankruptcy Court, S.D. New York, June 5, 2018): Irving H. Picard, the trustee for the liquidation of Bernard L. Madoff Investment Securities LLC under the Securities Investor Protection Act, 15 U.S.C. §§ 78aaa, et seq., moves for an order authorizing limited, expedited discovery pursuant to Rule 26(d)(1) of the Federal Rules of Civil Procedure, made applicable pursuant to Rule 7026 of the Federal Rules of Bankruptcy Procedure, from certain Defendants in the thirteen adversary proceedings listed in the annexed Appendix
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IN RE: FIRST FRUITS HOLDINGS, LLC (Case No. 18-02135-5-DMW, United States Bankruptcy Court, E.D. North Carolina, Raleigh Division, June 6, 2018): Opinion denying motion to transfer venue
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IN RE LIQUID HOLDINGS GROUP, INC. (Case No. 16-10202 (KG) (Jointly Administered), Adv. Pro. No. 17-50662 (KG), United States Bankruptcy Court, D. Delaware, June 6, 2018): The Trustee claims that through lopsided acquisitions, a fraudulent initial public offering and a fictitious recording of revenue and customers, Defendants intentionally perpetuated the illusion of Liquid as a financially viable entity while looting the Company for their own benefit. Defendants moved to dismiss the Complaint pursuant to Rule 12(b)(6) of the Federal Rules of Civil Procedure, made applicable by Bankruptcy Rule 7012