Bankruptcy Law News

Juno Creditors Move to Investigate Asset Sale to Lyft

Jan. 9, 2020, 9:34 PM

Creditors of Juno USA LP are seeking an investigation of the shuttered ride-share operator’s sale of assets to Lyft Inc., wondering why those proceeds aren’t part of the bankruptcy estate.

The investigation sought by a committee of unsecured creditors in Juno’s Chapter 11 case could rope Juno’s parent, Gett, into the proceedings and force the Israeli technology company to explain more about its November transaction with Lyft. Juno, whose service was based in New York, filed for bankruptcy immediately after the sale.

Juno and affiliated debtors have told the committee that the “valuable intellectual property and customer lists” sold to...

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