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IN RE INNOVATION FUELS, INC.

Case No.: 11-12911 (DHS), Adv. No.: 13-01009 (DHS).

In Re: INNOVATION FUELS, INC., et al. Debtors. ERIC R. PERKINS, in his capacity as Chapter 7 Trustee for the Estates of Innovation Fuels, Inc. and IFI Newark, Inc., Plaintiff, v. HENRI ARIF, DEREK K. JONES, MINA PACHECO NAZEMI, and CSFB/NYSCRF NEW YORK CO-INVESTMENT PROGRAM FUND 2005, L.P., Defendants.

United States Bankruptcy Court, D. New Jersey.

Filed July 22, 2013.

Attorney(s) appearing for the Case

PORZIO, BROMBERG & NEWMAN, P.C., John S. Mairo, Esq. , Kelly D. Curtin, Esq. , 100 Southgate Parkway, P.O. Box 1997, Morristown, New Jersey 07962, Co-Counsel for Defendants Henri Arif, Derek K. Jones, Mina Pacheco Nazemi, and CSFB/NYSRF New York Co-Investment Program Fund 2005, L.P.

GIBSON, DUNN & CRUTCHER LLP, Mitchell A. Karlan, Esq. , Matthew K. Kelsey, Esq. , 200 Park Avenue, New York, New York 10166, Co-Counsel for Defendants Henri Arif, Derek K. Jones, Mina Pacheco Nazemi, and CSFB/NYSRF New York Co-Investment Program Fund 2005, L.P.

McELROY, DEUTSCH, MULVANEY & CARPENTER, LLP, Jeffrey Bernstein, Esq. , Nicole Leonard, Esq. , J. Nicole Knox, Esq. , Eliott Berman, Esq. , Three Gateway Center, 100 Mulberry Street, Newark, New Jersey 07102, Counsel for Eric R. Perkins, Chapter 7 Trustee for the Bankruptcy Estates of Innovation Fuels, Inc. and IFI Newark, Inc.

NOT FOR PUBLICATION

OPINION

DONALD H. STECKROTH, Bankruptcy Judge.

Before the Court is a motion by the defendants Henri Arif ("Arif"), Derek K. Jones ("Jones"), Mina Pacheco Nazemi ("Nazemi," and collectively with Arif and Jones as the "Individual Defendants"), and CSFB/NYSCRF New York Co-Investment Program Fund 2005, L.P. (the "Fund," and collectively with the Individual Defendants as the "Defendants...

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