FRIEDMAN v. WELLSPRING CAPITAL MANAGEMENT, LLC

Adversary Proceeding #: 19-80071-dd.

651 B.R. 509 (2023)

Ronald J. FRIEDMAN, AS the TRUSTEE FOR the SPORTCO CREDITORS' LIQUIDATION TRUST, Plaintiff, v. WELLSPRING CAPITAL MANAGEMENT, LLC, Wellspring Capital Partners IV, L.P., WCM GenPar IV, L.P., WCM GenPar IV GP, LLC, Alexander E. Carles, Bradley Johnson, F. Hewitt Grant, Charles E. Walker, Jr., Todd Boehly, Bernard Ziomek, and Andrew Kupchik, Defendants.

United States Bankruptcy Court, D. South Carolina.

Signed May 12, 2023.


Attorney(s) appearing for the Case

Aaron A. Brown , Joshua Justin Bruckerhoff , Phillip Jason Collins , William Tyler Perry , Reid Collins & Tsai LLP, Austin, TX, R. William Metzger, Jr. , Robinson Gray Stepp & Laffitte, LLC, Columbia, SC, for Plaintiff.

George Bell Adams, III , Daniel H.R. Laguardia , Shearman & Sterling LLP, San Francisco, CA, Lyle Roberts , Shearman & Sterling LLP, Washington, DC, John S. Simmons , Simmons Law Firm, LLC, Columbia, SC, for Defendants Bradley Johnson.

Jacob A. Adlerstein , Lewis R. Clayton , Elizabeth R. McColm , Jacqueline P. Rubin , Paul Weiss Rifkind Wharton Garrison LLP, New York, NY, Keith Moss Babcock , Lewis Babcock, LLP, Columbia, SC, for Defendants John E. Morningstar, William F. Dawson, Jr.

Philip David Anker , Thomas B. Davis , Wilmer Cutler Pickering Hale and Dorr LLP, New York, NY, J. W. Nelson Chandler , Chandler & Dudgeon LLC, Charleston, SC, for Defendants Todd Boehly.

J. David Black , Nexsen Pruet, LLC, Columbia, SC, Marcus A. Manos , Nexsen Pruet, LLC, Columbia, SC, G. William McCarthy, Jr. , McCarthy, Reynolds & Penn, LLC, Columbia, SC, William Harrison Penn , Penn Law Firm, LLC, Columbia, SC, for Defendants Wellspring Capital Management, LLC.

Shaun C. Blake , Rogers Lewis Jackson Mann & Quinn, LLC, Columbia, SC, for Defendants Charles E. Walker, Jr.

Mary M. Caskey , Haynsworth Sinkler Boyd, PA, Columbia, SC, for Defendants F. Hewitt Grant.

Scott M. Harrington , Jonathan P. Whitcomb , Diserio Martin O'Connor & Castiglioni LLP, Stamford, CT, Lindsay A. Joyner , John T. Lay, Jr. , Gallivan, White & Boyd PA, Columbia, SC, for Defendants Andrew Kupchik.

Daniel H. Levi , Paul Weiss Rifkind Wharton Garrison LLP, New York, NY, Julio E. Mendoza, Jr. , Maynard Nexsen PC, Columbia, SC, for Defendants Alexander E. Carles.

Marcus Angelo Manos , Susan Pedrick McWilliams , Nexsen Pruet, LLC, Columbia, SC, Lisa P. Sumner , Maynard Nexsen PC, Raleigh, NC, for Defendants WCM Genpar IV GP, LLC.


ORDER ON CHOICE OF LAW AND SUMMARY JUDGMENT

I. INTRODUCTION

This matter is before the Court to determine which state's principles will apply to the substantive claims asserted in the above-styled adversary proceeding,1 as well as to adjudicate pending...

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