Burkart, Chapter 11 Plan Administrator v. VLG Investments, LLC, a Delaware limited liability

I. INTRODUCTION

5 On January 12, 2024, the court held a hearing on the VLGI 6 Defendants’ Motion to Dismiss Complaint (the “VLGI Defendants) 7 (Dkt. 19); Defendant Elias Blawie’s Motion to Dismiss the 8 Chapter 11 Plan Administrator’s Complaint and Joinder in VLGI 9 Defendants’ Motion to Dismiss (Dkt. 22); Defendant David 10 Jargiello’s Notice of Motion and Motion to Dismiss the Chapter 11 11 Plan Administrator’s Complaint and Joinder to VLGI 12 Defendants’ Motion to Dismiss (“Jargielio Motion”) (Dkts. 26, 13 30); John V. Bautista and Edmund S. Ruffin, Jr.’s Motion to 14 Dismiss the Plan Administrator’s Complaint and Joinder in VLGI 15 Defendants’ Motion to Dismiss (Dkt. 32) (together, the “Motions 16 to Dismiss”).1 The court took the matter under submission 17 thereafter. 18 For the reasons set forth below, the court will GRANT the 19 Motions to Dismiss and DISMISS the Chapter 11 Plan 20 Administrator’s Complaint for: (1) Turnover; (2) Breach of 21 Fiduciary Duty; (3) Fraudulent Concealment; (4) Negligent 22 Misrepresentation; (5) Intentional Misrepresentation; (6) 23 Conversion; and (7) Unjust Enrichment (“Complaint”) (Dkt. 1, 24 unredacted at Dkt. 9) with leave to amend as…