Oliver C & I Corp. v. Carolina Developers Associates S. En C. Por A., S.E., ET ALS.

United States Bankruptcy Court, D. Puerto Rico·Decided December 28, 2018·No. 17-00166·Unknown

Opinion

1 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF PUERTO RICO 2

4 IN RE: CASE NO. 16-08311 (MCF)

5 OLIVER C & I CORP. CHAPTER 11

6 Debtor

8 OLIVER C & I CORP.

9 Plaintiff ADVERSARY CASE No. 17-00166 (MCF)

10 V. 11 CAROLINA DEVELOPERS ASSOCIATES 12 S. EN C. POR A., S.E., ET ALS.

13 Defendants 14

16 OPINION AND ORDER 17 Plaintiff, Oliver C & I Corp. (“Debtor”), filed an amended complaint against its partners 18 and other non-creditor third parties to claim partnership distributions as property of the estate. The 19 20 Defendants filed a renewed motion to dismiss or abstain (“Second Motion to Dismiss”). In it, they 21 request that the Court dismiss the amended complaint on all counts based on this court’s lack of 22 jurisdiction to interpret the partnership agreements over which the Debtor alleges a breach. The 23 Defendants also move to dismiss certain counts based on their failure to state a claim for relief. 24 Alternatively, they request that the Court abstain from hearing all counts in the amended 25 complaint. For the reasons expressed below, the Court grants Defendants’ dismissal motion in part 26 and denies it in part. 27 1 2 Procedural history and factual background 3 The Debtor filed its chapter 11 petition in October 2016. Several months later, the Debtor 4 filed its Disclosure Statement and Plan of Reorganization in the lead case (Docket Nos. 77 & 78, 5 Case No. 16-08311), and commenced the instant adversary proceeding (Docket No. 1, Case No. 6 17-00166). 7 Upon review of the first motion to dismiss, the Court dismissed the complaint because it 8 had no related-to jurisdiction over the Debtor’s non-core claims and because litigation of these 9 10 issues would be unnecessary for the estate’s reorganization under the proposed plan (Docket No. 11 41). At the hearing held May 23, 2018, the Court reconsidered this ruling dismissing Plaintiff’s 12 complaint for lack of jurisdiction due to evidence the Debtor presented relating to the 13 administration of government priority claims which surfaced after the Court’s Opinion and Order 14 (Docket No. 41), namely, Puerto Rico Department of Treasury’s priority claim, as amended in 15 Proof of Claim No 2-2. For this reason, the Court ruled that it would exercise core jurisdiction to 16 identify property in which the estate has an interest, pursuant to 11 U.S.C. § 541.1 The Court 17 18 ordered the Debtor to, among other things, amend the complaint to identify core and non-core 19 claims (Docket No. 75). 20 The Debtor filed an amended complaint in compliance with the Court’s Order (Docket No. 21 104). Defendants filed a Second Motion to Dismiss (Docket No. 102). Plaintiff moved to strike 22 Defendants’ Second Motion to Dismiss (Docket No. 104). 23

24 25

26 1 Unless expressly stated otherwise, all references to “Bankruptcy Code” or to specific statutory sections shall be to the Bankruptcy Reform Act of 1978, as amended by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (“BAPCPA”), Pub. 27 L. No. 109–8, 119 Stat. 23, 11 U.S.C. § 101, et seq. All references to “Bankruptcy Rules” shall be to the Federal Rules of Bankruptcy 1 2 Positions of the parties 3 The Debtor’s amended complaint has nine counts that it classified as either core or non- 4 core proceedings. Counts 1 through 4 are collection of money actions that the Debtor claims 5 against the partnerships for disputed partnership distributions. The Debtor identified these as non- 6 core. Next, the Debtor raises two actions in count 5: (1) declaratory judgment to determine that the 7 unpaid distributions are property of the estate (“count 5(a)”); and (2) declaratory judgment 8 regarding the partners’ violation of fiduciary duties (“count 5(b)”). Count 6 is an action to avoid 9 10 as fraudulent certain transfers conducted by the partnerships. Count 7 is an action for turnover of 11 property of the estate regarding the disputed unpaid distributions. The Debtor classified counts 5 12 through 7 as core matters. Count 8 is for attorneys’ fees and costs (which the Debtor classified as 13 a non-core matter). The Debtor added a ninth count to preserve a cause of action. This is not a 14 cause of action. 15 The Defendants’ Second Motion to Dismiss reiterates most of the original arguments raised 16 17 in its first dismissal motion. The Defendants disagree as to the Debtor’s designation of counts as 18 core in the amended complaint because according to them all counts are non-core. They also take 19 issue with count 5(b), a subpart contained in the fifth cause of action for a determination of 20 fiduciary violations and liabilities under local law, and with the sixth cause of action for fraudulent 21 transfers under 11 U.S.C. § 548 as well. Defendants move the Court to dismiss all causes of action, 22 pursuant to Fed. R. Civ. P. 12(b)(1) & (b)(6). In the alternative, Defendants also requested 23 abstention as to all counts in the amended complaint. 24 25 The Debtor moved to strike the Second Motion to Dismiss because the Defendants should 26 have filed an answer to the amended complaint rather than have sought dismissal of the amended 27 complaint a second time. The Debtor seeks the imposition of attorney’s fees and costs upon 1 2 Defendants due to their alleged obstinacy in relitigating the jurisdictional issues. 3 4 Standard for motion to dismiss under Fed. R. Civ. P. 12(b)(6) 5 6 The Defendants moved to dismiss Count six of the amended complaint for failure to state 7 a cause of action under Fed. R. Civ. P. 12(b)(6), made applicable in bankruptcy proceedings 8 pursuant to Fed. R. Bankr. P. 7012. “The trial court must accept all of the nonmovant's well- 9 pleaded factual averments as true and draw all reasonable inferences in his favor” when 10 considering a Rule 12(b)(6) motion. Rivera–Gomez v. de Castro, 843 F.2d 631, 635 (1st Cir.1998). 11 “[T]o survive a Rule 12(b)(6) motion, a complaint must contain factual allegations that raise a 12 right to relief above the speculative level, on the assumption that all the allegations in the complaint 13 14 are true[.]” AIG Prop. Cas. Co. v. Green, 217 F. Supp. 3d 415, 422 (D. Mass. 2016), aff'd sub nom. 15 AIG Prop. Cas. Co. v. Cosby, 892 F.3d 25 (1st Cir. 2018). Only a complaint that states a plausible 16 claim for relief can survive a motion to dismiss under Rule 12(b)(6). Ashcroft v. Iqbal, 556 U.S. 17 662, 679 (2009). 18 19 Count Six 20 Count six in the amended complaint is a non-core action to avoid as preferential a series of 21 prepetition transfers that the Defendant partnerships or that the partners made to third parties. 22 Section 548(a) states in pertinent part the following: 23 24 (a)(1) The trustee may avoid any transfer [. . .] of an interest of the debtor 25 in property, or any obligation [. .

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Oliver C & I Corp. v. Carolina Developers Associates S. En C. Por A., S.E., ET ALS., (prb 2018).

Oliver C & I Corp. v. Carolina Developers Associates S. En C. Por A., S.E., ET ALS. (Oliver C & I Corp. v. Carolina Developers Associates S. En C. Por A., S.E., ET ALS.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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