More wood for the fire!
During this bankruptcy case, the pleadings filed by the Debtor, the Committee and other parties in interest have raised various claims and established numerous grounds on which the Derivative Actions are based, including, without limitation, the following:
a. Within one year of the Petition Date, the Debtor made numerous transfers aggregating substantial amounts to insiders such as Leckrone, Alliacense, Susan Anhalt and Dwayne Hannah.
b. The Debtor has scheduled debts to insiders based on compensation agreements between these insiders and Alliacense or "oral agreements" with these insiders.
c. Certain insider claims of persons characterized by the Debtor as the 13%ers are based on undocumented and invalid assignment agreements.
d. Common ownership by Leckrone of the Debtor, Alliacense and limited liability companies which own the intellectual property have raised issues of conflicts and loyalty and have resulted in questions regarding transfers of funds between the Debtor and Leckrone owned entities, raising the possibility of alter ego liability or substantive consolidation.
e. While it was insolvent and refusing to pay its non-insider creditors, TPL made distributions of over $700,000 to Leckrone and funded his purchase of two separate entities. It also paid the operating expenses of such entities and of Alliacense.
