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IN RE PMTS LIQUIDATING CORP.

Bank. No. 08-11551 (BLS) (Jointly Administered) Civ. No. 12-1020-SLR.

526 B.R. 536 (2014)

IN RE: PMTS LIQUIDATING CORP., et al., Debtors. NHB Assignments LLC, Liquidating Trustee, on behalf of the Liquidating Trust, Plaintiff, v. General Atlantic LLC and Braden Kelly, Defendants.

United States District Court, D. Delaware.

Signed July 28, 2014.

Attorney(s) appearing for the Case

Norman M. Monhait, Esquire of Rosenthal, Monhait & Goddess, P.A., Wilmington, Delaware. Counsel for Plaintiff. Of Counsel: Jeffrey Klafter, Esquire and Rachel Berlin, Esquire of Klafter Olsen & Lesser LLP and Kevin T. Hoffman, Esquire of Law Offices of Kevin T. Hoffman.

Gregory V. Varallo, Esquire , Steven J. Fineman, Esquire , and Robert L. Burns, Esquire of Richards, Layton & Finger, PA, Wilmington, Delaware. Counsel for Defendants. Of Counsel: Allan J. Arffa, Esquire and Roberta Kaplan, Esquire of Paul, Weiss, Rifkind, Wharton & Garrison, LLP.

MEMORANDUM OPINION

I. INTRODUCTION

The instant action was originally filed on December 21, 2010 as an adversary proceeding1 in the United States Bankruptcy Court for the District of Delaware ("the bankruptcy court"). Plaintiff NHB Assignments LLC ("plaintiff'), as...

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