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IN RE ULTIMATE ESCAPES HOLDINGS, LLC

Bankr. Case No. 10-12915-BLS. (Jointly Administered) Civ. No. 15-241-RGA. Adv. No. 12-50849-BLS.

551 B.R. 749 (2016)

IN RE: ULTIMATE ESCAPES HOLDINGS, LLC, et al., Debtors. Edward T. Gavin, Trustee of the UE Liquidating Trust, on behalf of the Estates of Ultimate Escapes Holdings, LLC, et al., Plaintiff, v. James M. Tousignant and Richard Keith, Defendants.

United States District Court, D. Delaware.

Signed February 23, 2016.

Attorney(s) appearing for the Case

Todd H. Bartels, Esq. , Shanti M. Katona, Esq. , Christopher A. Ward, Esq. , Polsinelli PC, Wilmington, DE, attorneys for Appellant Edward T. Gavin, Trustee of the UE Liquidating Trust, on behalf of the Estates of Ultimate Escapes Holdings, LLC, et al.

Marc S. Casarino, Esq. , Michael N. Onufrak, Esq. , White & Williams, LLP, Wilmington, DE, attorneys for Appellee, James M. Tousignant.

John J. Barrett, Jr., Esq. , Arthur D. Kuhl, Esq. , Louis J. Rizzo, Jr., Esq. , Reger, Rizzo & Darnall, LLP, Wilmington, DE, attorneys for Appellee, Richard Keith.

MEMORANDUM OPINION

This matter arises from a complaint for breach of fiduciary duty brought by Edward T. Gavin, Trustee of the UE Liquidating Trust, on behalf of the estates of Ultimate Escapes Holdings, LLC, et al. ("UE"), against UE's former officer and director James...

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