IN RE MERVYN'S HOLDINGS, LLC

Bankruptcy No. 08-11586 (KG). Adversary No. 08-51402 (KG).

426 B.R. 96 (2010)

In re MERVYN'S HOLDINGS, LLC, et al., Debtors. Mervyn's LLC, Plaintiff, v. Lubert-Adler Group IV, LLC, et al., Defendants.

United States Bankruptcy Court, D. Delaware.

March 12, 2010.


Attorney(s) appearing for the Case

Ashley B. Stitzer, Justin R. Alberto, Neil B. Glassman, Bayard, P.A., Christopher M. Samis, Richards, Layton & Finger, P.A., Mary E. Augustine, Ciardi Ciardi & Astin, Wilmington, DE, Jennifer L. Stewart, Cooley Godward Kronish LLP, Boston, MA, Nicholas Smithberg, Ronald R. Sussman, Cooley Godward Kronish LLP, New York, NY, for Plaintiff.

Adam G. Landis, Landis Rath & Cobb LLP, Kimberly Ellen Connolly Lawson, Reed Smith LLP, Sharon M. Zieg, Young, Conaway, Stargatt & Taylor, Domenic E. Pacitti, Klehr Harrison Harvey Branzburg LLP, Matthew B. McGuire, Landis Rath & Cobb LLP, Gabriel R. MacConaill, Laurie Selber Silverstein, Potter Anderson & Corroon LLP, Lee M. Cortes, Jr., Phillip A. Geraci, Kaye Scholer LLP, Francis A. Monaco, Jr., Womble Carlyle Sandridge & Rice, John H. Strock, III, Fox Rothschild LLP, Natalie D. Ramsey, Montgomery, McCracken, Walker & Rhoads, Stuart M. Brown, Edwards Angell Palmer & Dodge LLP, Wilmington, DE, Aaron Rubinstein, Kaye Scholer LLP, Richard G. Haddad, Otterbourg Steindler Houston Rosen, P.C., New York, NY, Dennis M. Ryan, Michael F. Doty, Wendy J. Wildung, Faegre & Benson LLP, Minneapolis, MN, Laurie A. Krepto, Montgomery, McCracken, Walker & Rhoads, Philadelphia, PA, for Defendants.


MEMORANDUM OPINION1

KEVIN GROSS, Bankruptcy Judge.

The Official Committee of Unsecured Creditors (the "Committee") is prosecuting this adversary proceeding on behalf of the estate of debtor, Mervyn's LLC ("Debtor" or "Mervyn's") to recover alleged damages from the financial transactions surrounding the sale in July 2004 of Mervyn's by defendant Target Corporation ("Target") to Mervyn's Holdings, LLC ("MH") (the...

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