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Lamonica v. Tilton (In re TransCare Corp.)

United States District Court, S.D. New York
Dec 22, 2021
20-cv-06523 (LAK) (S.D.N.Y. Dec. 22, 2021)

Opinion

20-cv-06523 (LAK) Bankr. Case 16-10407 (SMB)

12-22-2021

In re TRANSCARE CORPORATION, et al., Debtors. v. LYNN TILTON, PATRIARCH PARTNERS AGENCY SERVICES, LLC, PATRIARCH PARTNERS, LLC, PATRIARCH PARTNERS MANAGEMENT GROUP, LLC, ARK II CLO 2001-1 LIMITED, TRANSCENDENCE TRANSIT, INC. and TRANSCENDENCE TRANSIT II, INC., Defendants-Appellants. SALVATORE LAMONICA, as Trustee of the Jointly-Administered Estates of TransCare Corporation, et al., Plaintiff-Appellee, Adv. Proc. No. 18-1021 (SMB)


Chapter 7

AMENDED JUDGMENT

Hon. Lewis A. Kaplan United States District Judge

This matter having come before this Court on the Proposed Findings of Fact and Conclusions of Law, made July 6, 2020 by the Bankruptcy Court [Dkt. 1]; and the Bankruptcy Court having previously entered judgment in favor of Plaintiff Salvatore LaMonica, as Chapter 7 Trustee of the Jointly-Administered Estates of TransCare Corporation, ct al., and against Defendants Patriarch Partners Agency Services, LLC, Transcendence Transit, Inc. and Transcendence Transit II, Inc., jointly and severally, in the amount of $45,225,523.29, plus postjudgment interest at the rate prescribed by 28 U.S.C. § 1961 [Adv. Proc. No. 18-1021, Dkt. 141]; now, therefore, for reasons set forth in the Memorandum Opinion of this Court, entered September 29, 2021 [Dkt. 9], and the Memorandum Opinion, entered December 14, 2021 [Dkt. 21], it is hereby:

ORDERED, ADJUDGED and DECREED, that judgment is hereby entered in favor of Plaintiff Salvatore LaMonica, as Chapter 7 Trustee of the Jointly-Administered Estates of TransCare Corporation, et al. (the “Trustee”), and against Defendant Lynn Tilton, in the amount of $38,200,000.00, plus prejudgment interest at the rate of 6% per annum from February 24, 2016 to December 16, 2021, of $13,324,997.26, for a total judgment in the amount of $51,524,997.26; and post-judgment interest shall accrue thereon at the rate prescribed by 28 U.S.C. § 1961; and it is further

ORDERED, ADJUDGED and DECREED, that the Trustee shall be entitled only to a single satisfaction on his respective judgments against Defendants Lynn Tilton, Patriarch Partners Agency Services, LLC, Transcendence Transit, Inc. and Transcendence Transit II, Inc.


Summaries of

Lamonica v. Tilton (In re TransCare Corp.)

United States District Court, S.D. New York
Dec 22, 2021
20-cv-06523 (LAK) (S.D.N.Y. Dec. 22, 2021)
Case details for

Lamonica v. Tilton (In re TransCare Corp.)

Case Details

Full title:In re TRANSCARE CORPORATION, et al., Debtors. v. LYNN TILTON, PATRIARCH…

Court:United States District Court, S.D. New York

Date published: Dec 22, 2021

Citations

20-cv-06523 (LAK) (S.D.N.Y. Dec. 22, 2021)