In a landmark legal victory, Amini LLC announces the successful recovery of a full payment totaling $52 million, following its decisive judgment against Lynn Tilton on behalf of Trustee Salvatore LaMonica.
The case was navigated by the team at Amini LLC, led by Bijan Amini, Avery Samet, and Jeffrey Chubak, in close collaboration with the Trustee’s firm, Lamonica Herbst and Maniscalco, and the legal counsel of Carter Phillips and his team at Sidley Austin.
In June 2017, Mr. LaMonica, as Chapter 7 Trustee of TransCare, Lynn Tilton’s regional ambulance and paratransit company, engaged Amini LLC to investigate the circumstances surrounding TransCare’s bankruptcy filing. By February 2018, Amini brought suit against Tilton, the sole director of TransCare, and Tilton’s Patriarch Partners Administrative Services, LLC (“PPAS”), Transcare’s secured lender. The complaint alleged Tilton had used PPAS to orchestrate an insider sale of TransCare’s best assets to herself.
In July 2019, after prevailing on motion practice, Amini quickly brought the case to trial before the Honorable Stuart Bernstein, the bankruptcy judge overseeing TransCare’s estate. In July 2020, Judge Bernstein issued a decision determining that the insider sale constituted both a breach of fiduciary duty and a fraudulent transfer. Amini defended Judge Bernstein’s decision to the District Court (the Honorable Lewis Kaplan), who almost entirely affirmed Judge Bernstein in 2021. Amini then successfully obtained $13 million in pre-judgment interest.
Amini teamed with Carter Phillips at Sidley Austin to again defend the judgment before the Second Circuit, which affirmed the judgment 2-1 by decision dated August 28, 2023. To close the case, Amini moved by Order to Show Cause to compel payment on the bond.
“This recovery is the culmination of our aggressive and creative approach to litigation and shows what can be accomplished with a true team approach,” reflected Avery Samet, founding member of Amini LLC.
“To succeed in this field against well-heeled and tenacious adversaries demands strategic thinking and unrelenting focus at every stage of litigation,” commented Bijan Amini, founding member of Amini LLC.
This payment represents a model victory for Amini LLC, LaMonica Herbst and Maniscalco and Sidley Austin, as well as for the entire TransCare bankruptcy estate, particularly given that numerous other plaintiffs have attempted to recover from Tilton without success.
For additional details or to arrange an interview with the Amini LLC team, please contact marketing@aminillc.com.
About Amini LLC:
Amini LLC is a premier boutique law firm specializing in complex commercial litigation. Known for its team of trial-ready attorneys, the firm boasts a stellar track record in high-profile cases. Individuals or entities facing complex legal challenges are encouraged to contact Amini LLC to explore how our expertise can benefit their cases via www.aminillc.com.
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