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IN RE PENNYSAVER USA PUBLISHING, LLC

Case No.: 15-11198 (CSS) (Jointly Administered) Adv. Proc. No.: 17-50530 (CSS).

602 B.R. 256 (2019)

IN RE: PENNYSAVER USA PUBLISHING, LLC, et al., Debtors. Don A. Beskrone, Chapter 7 Trustee PennySaver USA Publishing, LLC, et al., Plaintiff, v. OpenGate Capital Group, LLC, OpenGate Capital Management, LLC, PennySaver Investors, LLC, Andrew Nikou, Jay Yook, Daniel Abrams, Alan S. Chaffin, Vijay K. Mony, and Virginia Anne Thornton, Defendants.

United States Bankruptcy Court, D. Delaware.

Signed May 21, 2019.

Attorney(s) appearing for the Case

CROSS & SIMON, LLC, Christopher P. Simon , Kevin S. Mann , David G. Holmes , 1105 North Market Street, P.O. Box 1380, Wilmington, DE 19899, Counsel for OpenGate Capital Management, LLC, OpenGate Capital Group, LLC PennySaver Investors, LLC.

DRINKER BIDDLE & REATH LLP, Steven K. Kortanek , Patrick A. Jackson , 222 Delaware Avenue, Suite 1410, Wilmington, DE 19801-1621, and Robert K. Malone , Frank F. Velocci , Kevin H. DeMaio , Andrew Nikou and Jay Yook , 600 Campus Drive, Florham Park, NJ 07932-1047, Special Litigation Counsel to Don A. Beskrone, Trustee.

OPINION1

INTRODUCTION

Before the Court is the Motion to Dismiss Pursuant to FRCP 12(b)(6)2 filed by OpenGate Capital Group, LLC, OpenGate Capital Management, LLC and PennySaver...

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