Engaged to assist in bankruptcy proceeding

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Reference no: EM131794940

You have been engaged to assist in a bankruptcy proceeding. Your client. Barae Pharmaceuticals won a $ 2million judgment against Barae pharmaceuticals for misuse of Barae’s name in the generic-label over-the-counter market.

Bara ceased operations and filed for Chapter 7 bankruptcy after the judgment was entered. Your initial investigation tells you that virtually all of Bara’s 125 employees have quit. The attorney for bara says that the only employee left is a low-level lab technician. The CEO and CFO have left the country and returned to South America. So, you have been left very little to go on.

The bankruptcy filing shows virtually no assets at all. The bank accounts and pension funds are empty. Only some lab equipment is left, which is probably of little value. Bara’s lone remaining employee shows up for the initial meeting of the creditors. The room is full of creditors with many questions, but the lone remaining employee says that she doesn’t know anything. She merely worked in the lab, and she had only been with bara for two months prior to the bankruptcy filing. She remained because Bara’s attorney had promised that she would be compensated from the bankruptcy proceedings.

How would you investigate this bankruptcy case to help Barae recover on the judgment it was awarded?

What is intentional tort relate to this case and what is intangibles related to this case?

Reference no: EM131794940

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