Case fileBankruptcy
Halperin (Liquidating Trustee) v. Sanrio, Inc.
The trustee of bankrupt licensee High Ridge Brands sued to claw back pre-bankruptcy payments Sanrio had received. A money matter, not an IP one.
Alan D. Halperin, as Liquidating Trustee of High Ridge Brands,
Plaintiff,
v.
Sanrio, Inc.,
Defendant.
Docket No.Adv. 21-51390 (In re HRB Winddown, 19-12689 BLS)
CourtU.S. Bankruptcy Court, District of Delaware
Filed2021
StatusClosed
The record
- Court
- U.S. Bankruptcy Court, District of Delaware
- Jurisdiction
- United States
- Docket No.
- Adv. 21-51390 (In re HRB Winddown, 19-12689 BLS)
- Filed
- 2021
- Resolved
- 2023
- Sanrio’s role
- Defendant
- Type
- Bankruptcy
- Claims
- Preferential transfers (11 U.S.C. §547); Fraudulent transfers (11 U.S.C. §548)
- Counsel — plaintiff/petitioner
- not public
- Counsel — Sanrio side
- not public
What happened
The trustee of bankrupt licensee High Ridge Brands sued to claw back pre-bankruptcy payments Sanrio had received. A money matter, not an IP one.
Outcome
Adversary proceeding closed February 2023 before Judge Brendan L. Shannon. Recovery amount not public.
The legal nuance
Shows the back-office risk of licensing to a partner that later fails: payments can be unwound.
Sources of record