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IN RE EHT US1, INC.

Case No. 21-10036 (CSS) Adv. Pro. No.: 21-50476 (CSS).

633 B.R. 223 (2021)

IN RE: EHT US1, INC., et al., Debtors. Urban Commons Queensway, LLC, Plaintiff, v. EHT Asset Management, LLC, Taylor Woods, and Howard Wu, Defendants.

United States Bankruptcy Court, D. Delaware.

Signed November 15, 2021.

Attorney(s) appearing for the Case

Cole Schotz, P.C., Seth Van Aalten , G. David Dean , Justin R. Alberto , 500 Delaware Avenue, Wilmington, DE 19801, -and- Paul Hastings LLP, Luc A. Despins , Nicholas A. Basset , G. Alexander Bongartz , 200 Park Avenue, New York, NY 10166, Attorneys for Plaintiff, Urban Common Queensway, LLC.

Bodell Bové, LLC, Bruce W. McCullough , 1225 N. King Street, Suite 1000, Wilmington, DE 19801, Attorney for Defendants, EHT Asset Management, LLC, Taylor Woods, and Howard Wu.

Related D.I. 78 and 99

OPINION

INTRODUCTION

Messrs. Woods and Wu are fraudsters. They fraudulently obtained a PPP loan on behalf of the Debtor without authority and absconded with the proceeds, leaving either the Debtor or the United States to pay back the lender. They were sued by...

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