In re Willowood USA Holdings, LLC

We were retained by the Ryniker Consultants, LLC, the Liquidating Trustee of Willowood USA Holdings, LLC, to represent the Litigation Trust in litigation against two former equity holders of Willowood USA, Inc. and a former board member of Willowood USA Holdings, Inc.  In 2016, Vijay Mundhra, Brian Heinze, and two others ("Sellers") sold Willowood USA, Inc. ("Company"), to Willowood USA Holdings, Inc. ("Buyer"), for $77 million.  Sellers agreed to indemnify Buyer for all losses and damages arising out certain then-pending litigation identified on a schedule tothe transaction documents and other matters.  Subsequently, Sellers commenced an action against Buyer seeking to amend the transaction documents and alleging that certain actions were included on the schedule by mistake.  Buyer and Willowood USA, Inc., counterclaimed to enforce the indemnification. Buyer and Company subsequently petitioned for bankrputcy.  The claims were transferred to the Liquidating Trust, which retained our firm to prosecute them.  In addition, we asserted claims against Mr. Mundhra, a former director of Willowood USA Holdings, Inc., for breach of fiduciary duties arising out of a transaction between the Company and an unaffiliated entity owned by Mundhra.  

We obtained a favorable resolution of all outstanding claims after mediation.

For more information, please contact David Stone.