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IN RE WACK JILLS, INC. v. SM FINANCIAL SERVICES CORPORATION

C.A. No. 2019-0650-PAF.

In re: WACK JILLS, Inc., f/k/a JACK WILLS, INC., Assignor, To: SM FINANCIAL SERVICES CORPORATION, Assignee.

Court of Chancery of Delaware.

Date Decided: August 29, 2024.

Attorney(s) appearing for the Case

Adam Hiller, HILLER LAW, LLC, Wilmington, Delaware; Attorney for Assignee SM Financial Services Corporation.

Daniel K. Astin, Ryan M. Ernst, CIARDI CIARDI & ASTIN, Wilmington, Delaware; Albert A. Ciardi III, Walter W. Gouldsbury III, CIARDI CIARDI & ASTIN, Philadelphia, Pennsylvania; Attorneys for Creditor Home Club Realty Trust, Agent for Hall Associates.

Frederick B. Rosner, THE ROSNER LAW GROUP LLC, Wilmington, Delaware; Marc J. Kurzman, CARMODY TORRANCE SANDAK & HENNESSEY LLP, Stamford, Connecticut, Attorneys for Creditor 252-264 Greenwich Avenue Retail, LLC.

OPINION

In this assignment for the benefit of creditors or "ABC" proceeding, Wack Jills USA, Inc., formerly known as Jack Wills, Inc. ("Wack Jills" or the "Assignor"), assigned all its property and assets to SM Financial Services Corporation ("SM Financial" or the "Assignee") in August 2019.

SM Financial...

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