In re: Bowflex Inc., Proposed Class Representatives v. The Bowflex Liquidating Trust, et al.

District Court, D. New Jersey·Decided July 30, 2026·No. 1:25-cv-14953·Unknown

Opinion

UNITED STATES DISTRICT COURT DISTRICT OF NEW JERSEY

IN RE: BOWFLEX INC.,

PROPOSED CLASS

REPRESENTATIVES,

Appellants, Case No. 25-cv-14953

v. On Appeal from

Bankruptcy Case No. 24-bk-12364 THE BOWFLEX LIQUIDATING

TRUST, et al.,

OPINION Appellees.

APPEARANCES: Frederick John Klorczyk, III KAMBERLAW LLC 305 Broadway, Suite 713 New York, NY 10007

On behalf of Appellants.

James S. Carr KELLEY DRYE & WARREN LLP 3 World Trade Center 175 Greenwich Street New York, NY 10007

On behalf of Appellee BowFlex Liquidating Trust.

Robert Kevin Malone Kyle McEvilly CONNELL FOLEY LLP 56 Livingston Avenue Roseland, NJ 07068

On behalf of Appellees Johnson Health Tech Trading, Inc. & Johnson Health Tech Retail, Inc. O’HEARN, District Judge. This matter comes before the Court on appeal from an order of the United States Bankruptcy Court for the District of New Jersey (the “Bankruptcy Court”) granting Appellees’ motion to enforce certain prior orders entered in the underlying Chapter 11 bankruptcy case. The

Court heard oral argument on May 20, 2026. For the reasons that follow, the Court AFFIRMS the Bankruptcy Court’s decision. I. BACKGROUND1 Before filing for bankruptcy, BowFlex Inc. and BowFlex New Jersey LLC (together, “BowFlex” or “Debtors”) were well-known designers, manufacturers, and sellers of home fitness equipment. (See JA 8). Appellants Elizabeth Cosin (“Cosin”), Duke Douglas (“Douglas”), Alan Calderon (“Calderon”), and Robert Ahearn (“Ahearn”) (collectively, “Appellants”) each purchased BowFlex adjustable dumbbells before BowFlex’s bankruptcy. (See AA 285–377). The bankruptcy proceedings culminated in Johnson Health Tech Trading, Inc. (“JHTT”) and Johnson Health Tech Retail, Inc. (“JHTR”; jointly with JHTT, “Johnson”) purchasing all or substantially all of BowFlex’s assets with protections from certain legacy liabilities.2 (AA 886–914).

Not long after the sale, however, Johnson recalled the dumbbells Appellants and others had purchased. (AA 449–63). Appellants thereafter sued in federal court to recover economic damages for what they allege was an ineffective recall of a defective product. (See AA 285–377). Rather than litigate those new actions in the various courts in which they were filed, Johnson and the

1 The facts in this appeal are not disputed in any material respect. For clarity, citations in the form “(AA [ECF page number])” refer to Appellants’ Appendix, (ECF No. 7-1), and citations in the form “(JA [ECF page number])” refer to Appellees’ Appendix, (ECF No. 8-1).

2 The operative purchase agreement identifies only JHTR as the purchaser. (See AA 887). However, because the parties do not meaningfully distinguish among the Johnson entities on appeal, the Court treats them as a single entity herein. BowFlex Liquidating Trust (“Trust”; together with the Johnson entities, “Appellees”) returned to the Bankruptcy Court and moved to enforce prior orders entered in the Chapter 11 proceedings, contending that those orders barred Appellants’ claims. (AA 464–93). The Bankruptcy Court agreed and ordered Appellants to dismiss their federal lawsuits with prejudice. This appeal

concerns whether that ruling was proper. A. The Chapter 11 Case BowFlex filed its Chapter 11 petition on March 4, 2024 (“Petition Date”). (JA 6). On the Petition Date, Johnson, through JHTR, entered into an Asset Purchase Agreement (“APA”) with BowFlex, pursuant to which it agreed to serve as a stalking-horse purchaser for substantially all of the Debtors’ assets. (AA 860, 886–914). The APA provides that Johnson would not “assume or otherwise be responsible for any Liability other than the Assumed Liabilities,” and defines “Assumed Liabilities” to include “all Liabilities (including for any Tax) that arise on and after the Closing Date with respect to [Johnson’s] ownership or operation of the Acquired Assets on and

after the Closing Date.” (AA 895). BowFlex thereafter sought approval of the Johnson bidding process with the Bankruptcy Court. (See AA 1297–1342). On March 8, 2024, the Bankruptcy Court entered an order approving the bidding procedures and a proposed notice of sale to be provided to creditors (“Sale Notice”). (JA 44). The Sale Notice set a deadline of April 11, 2024 for objections, and stated that “any party or entity who fails to timely make an objection” to the sale “shall be forever barred from asserting any objection to the sale, including with respect to the transfer of the applicable debtor’s assets free and clear of all liens, claims, encumbrances, and other interests, except as may be set forth in the applicable purchase agreement or the plan[.]” (JA 84–85 (cleaned up)). The Debtors published the Sale Notice in The New York Times on March 13, 2024, and in The Seattle Times and The Columbian on March 14, 2024. (JA 98–104). And with assistance from third-party Epiq Corporate Restructuring, LLC (“Epiq”), the Sale Notice was also served by email on more than 1.8 million known BowFlex customers. (AA 1027–28). None of the Appellants objected to the sale. The Bankruptcy Court officially approved the sale on April 15, 2024 (“Sale Order”), and

the sale closed on April 22, 2024 (“Closing Date”). (AA 854–56). The Bankruptcy Court set May 14, 2024 as the deadline for creditors to file a proof of claim against the Debtors. (JA 380–84). None of the Appellants filed a proof of claim. The Sale Order contains several provisions relevant to this appeal. Paragraph 8 of the Sale Order binds “any holders of Claims, Encumbrances and Interests (whether known or unknown)” to the Sale Order. (AA 873). The Sale Order defines “Claims, Encumbrances and Interests” broadly, with “Claims” incorporating the Bankruptcy Code’s definition of “claim” and expressly referencing claims for “products liability” and “matters of any kind and nature.” (AA 865–66). Pursuant to 11 U.S.C. § 363(f), Paragraph 9 of the Sale Order further provides that, except for Assumed Liabilities and certain Permitted Liens, Johnson took the Acquired Assets from BowFlex

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In re: Bowflex Inc., Proposed Class Representatives v. The Bowflex Liquidating Trust, et al., (D.N.J. 2026).

In re: Bowflex Inc., Proposed Class Representatives v. The Bowflex Liquidating Trust, et al. (In re: Bowflex Inc., Proposed Class Representatives v. The Bowflex Liquidating Trust, et al.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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