Litigation Claims for Sale
Listing Information
Litigation Claims for Sale
Created: 05/11/2018
Category: Business Property > Financial > Claim
Sale Date: None Set
Trustee's Attorney
1 Market Plaza Spear Tower 24th Fl.
San Francisco, CA 94105
(415)267-4000
Case Title: Diadexus, Inc.
Court: California Northern Bankruptcy Court
Chapter: 7
View Case Docket
Description
Sale of litigation claims against the Debtor’s former officers and directors (the “Directors and Officers”). Such causes of action and claims for relief may include breach of contract, breach of fiduciary duty, fraud, negligence, securities law violation, avoidance claims under Chapter 5 of Title 11 of the United States Code, and any and all other potential contract, equitable, or tort related causes of action (collectively, the “Assigned Rights”). As a creditor and/or equity holder of the Debtor, Leap Tide may have direct causes of action and claims for relief against the Directors and Officers (the “Creditor Claims”). Such causes of action and claims for relief may include breach of contract, breach of fiduciary duty, fraud, negligence, securities law violation, alter ego, and any and all other potential contract, equitable, or tort related causes of action (collectively, the “Creditor Rights” and together with the Assigned Rights, the “Litigation Rights”). Leap Tide has engaged in substantial due diligence in connection with the Litigation Rights, and has incurred legal fees and expenses in connection with its due diligence and other matters related to preparing to assert the Litigation Rights, including acquisition of the Creditor Rights (the “Due Diligence Expenses”).