Simon and Winikka recover $40 million bankruptcy settlement

Craig Simon and Dan Winikka represented the Qimonda Liquidating Trusts in Delaware bankruptcy court in pursuit of fraudulent transfer and breach of contract claims against Kingston Technology Company. The litigation involved complex issues related to business valuation, solvency and bankruptcy setoff and safe harbor principles. Ultimately, the trusts recovered more than $40 million in a settlement approved by the bankruptcy court.