OPINION

INTRODUCTION

The Court now rules on four related motions in this adversary proceeding. The plaintiff, George R. Miller, as Chapter 7 Trustee for the estates of NewStarcom Holdings, Inc., et al. (the “Trustee”), claims that each defendant owed a fiduciary duty to one or more of the Debtors, and each defendant either breached his own fiduciary duties or assisted in another’s breach of fiduciary duties.1 The Trustee seeks a ruling on two motions: a motion to supplement the record and/ or have the Court take judicial notice of the Debtors’ *112schedules2 and a motion for reconsideration of the Court’s earlier order3 dismissing the Trustee’s fraudulent transfer claims.4

There are nine defendants to this adversary proceeding — seven individuals and two corporate entities. The individual defendants compose two distinct groups, based on their employment by one of the two aforementioned corporate entities. The “ACAS Defendants”5 have brought a motion to strike the expert report of the Brownstein Company, the Trustee’s expert witness.6 The “New Mateo Defendants”7 seek summary judgment on the Trustee’s claims that they breached their fiduciary duties or assisted the ACAS Defendants in breaches of fiduciary duties.8

The Court will grant the Trustee’s motion to take judicial notice of the Debtors’ schedules; the Debtors’ schedules are an admissible adjudicative fact for which authenticity is not questioned. The Court must make clear, however, that taking notice of the schedules does not establish as fact any attestations within them but only that a representative of the Debtors made, under penalty of perjury, those attestations.

The Court will deny the Trustee’s motion for reconsideration. After a careful review of the record and prior hearings, the Court has come to several conclusions. First, the Court believes that the Trustee now asserts an entirely new fraudulent transfer claim, a claim that has never previously been presented to or dismissed by this Court. Second, even if the Court’s earlier ruling dismissed this fraudulent transfer claim, the Trustee has failed to prove that new evidence or the concerns of justice warrant reconsideration. Third, the Trustee’s delay in asserting this fraudulent transfer is unacceptable. Finally, the proper defendant for the Trustee’s newly asserted fraudulent transfer is the “New Mateo Stock Trust,” a party the Trustee has never named as a defendant, and therefore the claim is improperly asserted in this proceeding.

The Court will grant, in part, the ACAS Defendants’ motion to strike. The basic assertions of the ACAS Defendants are correct; the Brownstein Company’s expert report contains improper legal conclusions and it is within the Court’s power to strike the entire report. For three reasons, however, the Court will deny, in part, the motion to strike. First, the ACAS Defendants have not demonstrated that controlling authority requires the Court to strike the entire report. Second, because this adversary proceeding will not involve a lay jury, there is minimal concern that the report’s improper legal conclusions will mislead the trier of fact. Third, only a small portion of the report contains improper legal conclusions; the vast majority of the report consists of relevant, admissi*113ble expert analysis. The Report’s “Executive Summary” (pp. 5-7) will be struck in full. The Court will specifically ignore the improper legal conclusions in the “Analysis & Opinion” (pp. 81-95) section of the report and any other improper legal conclusions in the report. The Court finds that this course sufficiently protects the ACAS Defendants from prejudice, but refrains from throwing the baby out with the bathwater.

Finally, the Court will grant summary judgment to the New Mateo Defendants on all claims. At trial, the Trustee would bear the burden of proof and persuasion on his claims that the New Mateo Defendants breached fiduciary duties to the Debtors or knowingly assisted the ACAS Defendants in breaching their own duties to the Debtors. The New Mateo Defendants advance three substantive legal arguments in support of summary judgment: (1) any fiduciary duties they owed to the Debtors were extremely narrow in scope, (2) the “breaches” alleged by the Trustee did not fall within those narrow duties and (3) they did not “aid and abet” any breaches of fiduciary duties by the ACAS Defendants. The New Mateo Defendants further argue that the Trustee has failed to point to any evidence in support of several necessary elements of his claims and, therefore, the Court must grant summary judgment on those claims.

In response, the Trustee paints a vivid picture of the Debtors’ descent in bankruptcy. The Court finds that the Trustee has demonstrated triable issues of fact on whether the ACAS Defendants breached their fiduciary duties to the Debtors. Unfortunately for the Trustee, the New Mat-co Defendants are seeking summary judgment. The Trustee’s response to the request for summary judgment by these defendants is wholly inadequate.

First; the Trustee fails to specify the precise nature of each claim he asserts— he does not even identify which of his claims are for breach of the duty of care, and which are for the breach of the duty of loyalty.9 Second, the Trustee barely responds to the three core questions of law raised by the New Mateo Defendants. Third, the Trustee repeatedly fails to specify what specific actions by the New Mateo Defendants constitute breaches of their fiduciary duties or “aiding and abetting” of breaches by the ACAS Defendants. In the rare instances in which the Trustee makes a specific allegation, he offers almost no citation to the record. And when he does cite to the record, he offers unreasonable interpretations and inferences from that evidence, and wholly fails to address countervailing evidence. Finally, the Trustee wholly fails to offer any direct evidence that the New Mateo Defendants “knowingly” aided and abetted breaches of fiduciary duty by the ACAS Defendants.

*114Because the Trustee would bear the burden of persuasion at trial, the New Mateo Defendants are entitled to summary judgment if they demonstrate “that there is an absence of evidence to support the nonmoving party’s ease.”10 As a result, the numerous defects in the Trustee’s response are fatal to each and every one of his claims. The ability to weave a moving narrative is fundamental to effective advocacy — but a strong narrative does not mitigate the Trustee’s burden of making specific legal arguments, supported by specific citation to the record, upon summary judgment. Because the Trustee fails to do so, summary judgment must be granted to the New Mateo Defendants.

JURISDICTION

The Court has subject matter jurisdiction over this adversary proceeding pursuant to 28 U.S.C. § 1334(b). This adversary proceeding is a core proceeding pursuant to 28 U.S.C. § 157(b)(2). Venue is proper in the Bankruptcy Court pursuant to 28 U.S.C. § 1409(a). This action is brought as an adversary proceeding pursuant to Federal Rule of Bankruptcy Procedure 7001.

FACTUAL AND PROCEDURAL BACKGROUND

ACAS is a publicly traded private-equity firm, incorporated in Delaware, with its principal place of business in Bethesda, Maryland.11 In 2003, ACAS acquired an 80% stake in NewStarcom Holdings, Inc. (“NHI”), the lead debtor in these cases.12 The individual ACAS Defendants — Price, O’Brien, Fiske and Moore — were officers and employees of ACAS, and served on the Boards of Directors of the Debtors prior to bankruptcy (the “Director Defendants”).13

The Debtors had a simple corporate structure. NHI is a holding company that owns 100% of the equity in NSC Holdings, Inc. (“NSC”).14 NSC, in turn, held a 100% equity stake in three operating companies: Constar International, Inc. (“Constan*’), Port City Electrical, Inc. (“Port City”) and Mateo Electric Corporation (“Old Matco”).15 Prior to bankruptcy, ACAS controlled the Boards of Directors of the Debtors and through their appointed directors, exerted total control over the companies.16 NHI, NSC, Constar and Port City are the debtors in these administratively consolidated cases.17

Constar, Port City and Old Mateo were electrical contractors operating in different geographic regions: Constar operated in and around Boston, Port City operated in the Carolinas and Old Mateo operated in upstate New York.18 The Director Defendants managed finances and most back-office operations centrally, while each operating subsidiary’s managers had almost total control over the operational decision-making at their subsidiary. Thus, the operating subsidiaries were financially tied together, but were otherwise wholly independent of one another. The record pro*115vides a comprehensive picture of the structure and management of the NewStarcom entities.

The operating subsidiaries shared a chief financial officer. All three had their operating accounts at Citizens, while CNA Surety (“CNA”) provided bonding for all three on a consolidated basis. The operating subsidiaries had very little control over their finances; each subsidiary received a weekly operating allowance after conference calls with the directors at NSC & NHL19 The Director Defendants routinely swept any excess or incoming cash upward to NSC & NHL20

ACAS’s ownership of NewStarcom was, in part, the result of a leveraged buyout; as a result, NHI and its subsidiaries were jointly and severally liable for a revolving $10 million credit agreement with Citizens.21 This financial burden, however, was manageable for several years. Trouble began when Port City, as a result of overly optimistic bidding and cost overruns on several large construction projects, began hemorrhaging cash.22 ,The Director Defendants attempted to secure additional funding for NewStarcom in August and September 2007, but were unsuccessful.23 ACAS itself declined to make any further investments, as did CNA and Citizens.24 On October 25, 2007, the Director Defendants advised Citizens that NewStarcom was insolvent; on October 31st the ACAS Defendants shutdown Port City and Cons-tar; and on November 5th, NewStarcom defaulted on an interest payment due to Citizens.25

Within days thereafter, the Director Defendants advised Barber that Old Mateo would also be shutdown.26 Barber was understandably surprised; Old Mateo was profitable, cash-flow positive and was constantly exceeding its own financial projections.27 Moreover, Old Mateo had, days earlier on October 26th, accepted (and thereby obligated itself to perform) three additional public school jobs.28 The ACAS Defendants did not direct anyone at Old Mateo to market the company,29 but Barber expressed interest in purchasing the company himself. The ACAS Defendants told Barber that he had two weeks to finalize an offer or Old Mateo would be shutdown and included in the Debtors’ bankruptcy filing.30

Simultaneously, Citizens moved aggressively to protect its interests. It began sweeping cash from Old Mateo’s bank accounts continuously, which led to several checks bouncing, which in turn led to vendors to threaten to withhold goods, subcontractors to threaten to withhold services and project owners to threaten to withhold payment.31 A check to Old Mat-eo’s insurance company even bounced, which nearly led to a total shutdown of *116operations.32 Barber — prior to having a fleshed out purchase agreement — issued a personal guarantee to CNA so that CNA would pay some $800,000 in employee and vendor claims and thereby keep Old Mateo afloat.33 Old Mateo, despite being profitable and cash-flow positive, was now on the verge of collapse due to a lack of cash.

Citizens showed little interest in running an elongated sale process; it simply wanted to “recover as much money as possible as fast as possible.”34 The ACAS Defendants played little role in the sale, and instead left the sales process almost entirely in Citizens’ hands.35 Barber and Old Mateo made their books and records available to Citizens and assisted a Citizens’ consultant in reviewing them; Citizens did not express any questions or concerns regarding the adequacy or completeness of Old Mateo’s disclosure.36 After the APA was prepared, but prior to the sale’s close, the ACAS Defendants dipped their fingers back into the sale and required that New Mateo share ACAS’s risk on an existing letter of credit issued in favor of CNA.37

Eventually, the sale closed for $2 million in cash and a number of additional terms.38 Citizens received the cash and testified that this number exceeded the asset values substantially.39 Citizens has testified that it was happy with this deal because (1) Barber did not have a non-compete clause and could have simply “walk[ed] across the street and start Mateo new without buying the assets,” (2) Barber and New Mateo were the only buyer “that CNA would have been comfortable with in November/December 2007” and (3) “[a]ll the customers and relationships are all owned by Barber.”40

In November 2011, the Trustee tiled his Amended Complaint against the ACAS Defendants and the New Mateo Defendants.41 In February of 2012, the Defendants moved for dismissal42 and, on May 24, 2012, the Court heard oral arguments on the motions to dismiss.43 After consideration, the Court granted the motion to dismiss, in part, and issued an order dismissing claims 4-8 of the Trustee’s Amended Complaint.44 In 2014, this Court issued a written opinion limiting the Trustee’s discovery requests, on the grounds that New Mateo’s post-sale financial performance was of minimal relevance to de*117termining if the Defendants breached their fiduciary duties leading up to and during the sale of Old Mateo.45

ANALYSIS

I. Applicable Legal Standards Upon Summary Judgment

A. Summary Judgment Standard

Fed.R.Bank.P. 7056 makes Fed.R.Civ.P. 56 applicable to adversary proceedings in bankruptcy. Summary judgment is designed “to avoid trial or extensive discovery if facts are settled and dispute turns on issue of law.”46 The Court’s aim upon summary judgment is “to isolate and dispose of factually unsupported claims or defenses”47 in order to avert “full-dress trials in unwinnable cases, thereby freeing courts to utilize scarce judicial resources in more beneficial ways.”48

Fed.R.Civ.P. 56(a) therefore requires the Court to grant summary judgment if “the movant shows there is no genuine dispute as to any material fact and the movant is entitled to judgment as a matter of law.” The movant for summary judgment bears the initial burden of persuasion, and must. point to an absence of evidence in support of the non-movant’s case.49 To defeat a well-supported motion for summary judgment, the movant must point to sufficient evidence that the trier-of-fact could reasonably find in their favor at trial.50 More specifically, a “material fact” is one that might affect the outcome of the suit and a “genuine dispute” means that the evidence pointed to by the non-movant would allow a reasonable trier-of-fact to decide the “material fact” in the non-movant’s favor.51

Evidence that “is merely colorable or is not significantly probative” cannot deter summary judgment.52 In response to a well-supported motion for summary judgment, “the non-moving party must adduce more than a mere scintilla of evidence in its favor”53 and it cannot simply reassert factually unsupported allegations eon-tained in its pleadings.54 In other words, the non-moving party must do more than “simply show that there is some metaphysical doubt as to the material facts.”55 Finally, where there is a complete failure *118of proof concerning an essential element of the nonmoving party’s case, Rule 56(c) necessarily renders all other facts immaterial and mandates a ruling in favor of the moving party.56

B. Breach of Fiduciary Duty

A claim for breach of fiduciary duty “requires proof of two elements: (1) that a fiduciary duty existed and (2) that the defendant breached that duty.”57 In Delaware, directors “owe two fiduciary duties — care and loyalty.”58 The duty of care requires that directors “use the amount of care which ordinarily careful and prudent [persons] would use in similar circumstances and consider all material information reasonably available in making business decisions.”59 To establish a breach of the duty of care, a claimant must prove a director’s actions were “grossly negligent.”60 The duty of loyalty requires that “the best interest of the corporation and its shareholders take precedence over any interest possessed by a director, officer or controlling shareholder and not shared by the stockholders generally.”61 The requirement to act in good faith is “a subsidiary element, i.e., a condition, of the fundamental duty of loyalty.”62

Although most cases on fiduciary duty deal with directors, the Delaware courts have stated that the fiduciary duties of officers are the same as directors.63 However, the scope of an officer’s duties is limited to the officer’s sphere of authority; e.g., the Court may not hold an officer responsible for his firm’s financial decisions when that officer had no hand in making those decisions.64 As one court explained, “Delaware corporate decisions consistently have looked to who wields control in substance and have imposed the risk of fiduciary liability on the actual controllers.”65 This emphasis on actual control extends to the parent-subsidiary context; the directors of a wholly owned subsidiary have po duty “to second-guess the business judgment of its parent corporation when ... supporting the parent’s strategy would not violate any legal obligation the subsidiary owes to another.” 66

*119Delaware has also developed a substantial corpus of law on the fiduciary duties implicated in a sale of corporate control. First and foremost, “in a sale of corporate control, the responsibility of the directors is to get the highest value reasonably attainable for the shareholders.”67 Under Delaware law, the board of directors must approve any sale that disposes of 'substantially all of the corporation’s assets.68 However, when the shareholders of a corporation have a fair opportunity to approve — or disapprove — a sale, ex-post judicial review is heavily limited.69 Directors and officers have a heavy duty of disclosure,70 a duty that grows heavier when the director or officer has a conflict of interest.71 What “typically drives a finding of unreasonableness is evidence of self-interest, undue favoritism or disdain towards a particular bidder, or a similar non-stockholder-motivated influence that calls into question the integrity of the process.” 72

C. Aiding and Abetting a Breach of Fiduciary Duty

A claim of aiding and abetting a breach of fiduciary duty has three elements: (1) the existence of a fiduciary relationship, (2) a breach of the fiduciary’s duty and (3) knowing participation in that breach by a party not in direct fiduciary relationship.73 “Knowing participation” requires a showing that the defendant both (1) participated in the breach and (2) knew at the time that the conduct assisted constituted a breach of fiduciary duty.74 To “establish scienter, the plaintiff must demonstrate that the aider and abettor had ‘actual or constructive knowledge that their conduct was legally improper.’ ”75

*120In the context of a sale, “a bidder’s attempts to reduce the sale price through arm’s-length negotiations cannot give rise to liability for aiding and abetting.” 76 If, however, the bidder “create[s] or exploits] conflicts of interest in the board” or conspires with board, aiding and abetting liability is possible.77 This rule is derivative of the general principle that a third party is not liable for aiding and abetting another’s breach of the duty of care unless the third party “purposely induced the breach of the duty of care.”78

D. Combining the Procedural and Substantive Law

Because the Court is reviewing a motion for summary judgment, a proper understanding of the interaction between the procedural law on summary judgment and the substantive law on fiduciary duties is necessary. Although the Trustee’s briefing paints a disturbing picture of the events leading up to the Debtors’ bankruptcy filing, that broad picture is irrelevant to this motion for summary judgment. In order for his claims against the New Mateo Defendants to survive summary judgment, the Trustee must point to specific, admissible facts in the record that would allow the Court to find, at trial, that the Trustee has carried his burden of persuasion and production on each element of his claims.

1. Breach of fiduciary duty.

At trial, the Trustee would bear the burden on both the existence of a duty and its breach. At summary judgment, the existence of a fiduciary duty is a mixed question of law and fact, and requires several steps to analyze. First, the Court must ask a factual question — what was the nature of the relationship between the defendant and the Debtors? Second, based on the facts found, the Court then answers a question of law — does Delaware law provide that, because of his relationship to the Debtors, the defendant owed them fiduciary duties? Finally, whether a defendant’s actions breached his fiduciary duties is primarily a question of fact.

2. Aiding and abetting a breach of fiduciary duty

At trial, the Trustee would bear the burden of proving all three elements of this claim. First, the Trustee would need to prove the existence of a fiduciary relationship between the ACAS Defendants and the Debtors. Second, the Trustee would need to prove that an ACAS Defendant breached his fiduciary duty to the Debtors. Finally, the Trustee would need to prove that a New Mateo Defendant “knowingly participated” in that breach. The New Mateo Defendants have not disputed the first two elements.

When considering the third element— knowing participation — at the summary judgment stage, the Court is asking two questions of fact: (1) did a New Mateo Defendant know that he was aiding an *121ACAS Defendant in a breach of the ACAS Defendant’s duty and (2) did the New Mat-eo Defendant actually “aid or abet” that breach of duty?

3. On whose behalf may the Trustee assert claims?

Finally, the Court agrees with the New Mateo Defendants that the Trustee may only assert claims held by the Debtors.79 Although the powers of the Trustee are wide in scope, he has no power to assert fiduciary duty claims on behalf of Citizens, CNA or NewStarcom’s trade creditors.80

II. The Court Will Grant Summary Judgment on the Breach of Fiduciary Duty Claims

In his Amended Complaint, the Trustee alleges only two breaches of fiduciary duty by the New Mateo Defendants: (1) “facilitating and participating in New Mateo’s purchase of Old Mateo ...” and (2) “facilitating and participating in a side deal to minimize ACAS’s exposure under the Letter of Credit.”81 The Court’s inquiry is therefore limited to whether these two actions were a breach of any fiduciary duty owed by the New Mateo Defendants to the Debtors. The Court agrees with the New Mateo Defendants that the Trustee’s claims are barely sufficient to survive a motion for judgment on the pleadings because they are vague, conclusory and barely inform each individual defendant of what “wrongful” acts he committed.82 Because the New Mateo Defendants need only show that “there is a complete failure of proof concerning an essential element of’ the Trustee’s claims, the Trustee’s claims will not survive summary judgment unless the Trustee can specifically point to a genuine dispute of material fact on each element of his claims. The Trustee has failed to do so and, therefore, the Court will grant summary judgment on all breach of fiduciary duty claims.

A. The New Mateo Defendants Did Not Breach Any Fiduciary Duty to the Debtors By Agreeing to Share ACAS’s Risk on the Letter of Credit.

The Court is compelled to grant summary judgment in favor of the New Mateo Defendants on the claim that the New Mateo Defendants breached a fiduciary duty to the Debtors by agreeing to share ACAS’s risk on a letter of credit. First, from a lack of discussion in his briefing, it appears that the Trustee has totally abandoned this claim; as a result, the Court *122finds there is a total absence of evidence to support it. Moreover, although the New Mateo Defendants did not specifically address this claim in their briefing, their broader arguments show that they are entitled to judgment as a matter of law.

The Trustee’s briefing on this claim is so insufficient that Court finds that further consideration is unwarranted. The Trustee has not identified whether the New Mateo Defendants’ participation on the letter of credit was a breach of loyalty, or of due care. The Trustee has not identified to whom the New Mateo Defendants owed any duty. The Trustee has not offered an explanation as to how this deal harmed the Debtors. Because the Trustee’s memorandum in opposition to summary judgment — literally—does not mention this claim,83 the Court finds it proper to assume that the Trustee has abandoned the claim.

B. The New Mateo Defendants Did Not Breach Any Fiduciary Duty to the Debtors By Purchasing Old Mateo and Its Assets.

The New Mateo Defendants are also entitled to summary judgment on the Trustee’s claim that they violated fiduciary duties by purchasing Old Mateo. Again, the Trustee has failed to make specific arguments on what fiduciary duty, owed to whom, the New Mateo Defendants violated. Nonetheless, from the Trustee’s pleadings, the Court has inferred two specific claims. First, the Trustee believes that the New Mateo Defendants owed a duty of disclosure to Citizens, and violated that duty by “refusing] to set the record straight” regarding Old Mateo’s value.84 Second, the Trustee believes that by “taking advantage of a thoroughly corrupt sale process,” the New Mateo Defendants violated their duty of loyalty to NewStar-com.85

1. The Trustee may not assert a breach of fiduciary duty claim held by Citizens.

As previously addressed by the Court, the Trustee does not have standing to assert claims on behalf of Citizens. To the extent the New Mateo Defendants’ had and violated a duty of disclosure to Citizens and that breach harmed the Debtors, the Debtors’ injury cannot be redressed by a breach of fiduciary claim. As a result, the Court will grant summary judgment on this particular breach of fiduciary duty claim. If the New Mateo Defendants did mislead Citizens, and this assisted the ACAS Defendants in breaching their fiduciary duties to the Debtors, this may be the basis for an aiding and abetting claim. The Court analyzes this theory below.

2. The New Mateo. Defendants owed, at most, a narrow fiduciary duty to NewStarcom and did not violate that narrow duty by purchasing Old Mateo.

Finally, the Court addresses and finds wanting the Trustee’s heftiest claim — that by purchasing Old Mateo, the New Mateo Defendants violated their duty of loyalty. But even if the Court assumed that the ACAS Defendants violated their fiduciary duties during the sale, there are no grounds for such a finding against the New Mateo Defendants. First, there is no smoking gun — no direct evidence of collu*123sion or bad faith negotiation between the New Mateo Defendants and the ACAS Defendants. Second, it was Citizens who negotiated the sale price with the New Mat-eo Defendants, at arms-length, and there is no evidence New Mateo misled Citizens. Third, the only fiduciary duties the New Mateo Defendants owed NewStarcom were as managers of an NSC subsidiary. These duties do not include the duty to ensure their parent corporation receives the highest price possible when selling the subsidiary. As managers, their duty was to maximize the value of Old Mateo through faithful stewardship of the company, and the record clearly shows they fulfilled this duty — it was the actions of NewStarcom and Citizens that put Old Mateo at risk.

Fiduciary law is designed to prevent fiduciaries from “us[ing] their position of trust and confidence to further their own interests.”86 As a result, fiduciary law heavily scrutinizes dealings between the fiduciary and the entity he owes his duty to, to prevent the fiduciary from using his control of an entity to profit himself. The paradigmatic example of a breach of fiduciary duty is when the fiduciary sits on both sides of the table during a deal or sale and appears to have profited at the expense of the entity he owed a duty to. But that concern simply isn’t present here; the New Mateo Defendants had no power to authorize the sale of Old Mateo. They sat on one side of the table, not both. As the managers of Old Mateo, they were clearly in a privileged position, information-wise. But there is no evidence they misled NewStarcom or Citizens on the state of Old Mateo, nor that they tampered with or withheld business records. In fact, they did not even use the threat of leaving Old Mateo as a bargaining chip, though they may well have been entitled to.87 Because there is no basis in evidence or law for the Trustee’s claim, the Court will grant summary judgment to the New Mat-eo Defendants.

III. The Court Will Grant Summary Judgment on the Aiding and Abetting Breach of Fiduciary Duty Claims.

In his Amended Complaint, the Trustee alleges ten breaches of fiduciary duty by all named Defendants.88 The Trustee further alleges that the New Mateo Defendants aided and abetted each of these breaches of fiduciary duty by the ACAS Defendants.89 As the Court previously noted, the Trustee would bear the burden of proof on these claims at trial. Thus, the Court should grant the New Mateo Defendants summary judgment if there is a complete absence of evidence in support of a necessary element of the Trustee’s claim. Applying this procedural standard in concert with the substantive law of aiding and abetting, the Court finds that two questions are dispositive of each of the Trustee’s claims. First, has the Trustee pointed to evidence that the New Mateo *124Defendants “aided” or “abetted” the ACAS Defendants? Second, has the Trustee pointed to evidence that the New Mat-eo Defendants aided or abetted the ACAS Defendants “knowingly?”

The Court finds that Trustee has completely ignored the context of its aiding and abetting claims against the New Mat-eo Defendants. The New Mateo Defendants only became aware of NewStarcom’s financial problems in November of 2007,90 when NewStarcom and Old Mateo were already in dire financial condition.91 The Trustee’s claims against the ACAS Defendants extend far further back in time, and the Trustee has a colorable claim that a thorough sale process could have occurred prior to October 2007 and that by not engaging in such a process, the ACAS Defendants breached their fiduciary duties.92 But the context in which the Court judges the actions of the New Mateo Defendants is quite different — they played no role in creating the crisis that led to NewStarcom’s bankruptcy, were not even aware of this crisis until it had put Old Mateo in danger and entered into the process with a single known fact — that unless they purchased Old Mateo, it would be shut down and included in the bankruptcy filing.

With that context in mind, the Trustee has clearly failed on all of his aiding and abetting claims. The Trustee relies almost exclusively on the fact that the New Mateo Defendants “facilitated” the ACAS Defendants by purchasing Old Mateo. But, given the context in which the New Mateo Defendants entered the scene, mere facilitation is not enough. To survive summary judgment, the Trustee must point to evidence supporting one of two conclusions: that the New Mateo Defendants actually knew that the ACAS Defendants were committing a breach of fiduciary duty or that the ACAS Defendants’ actions were so egregious that the New Mateo Defendants had constructive knowledge they were aiding or abetting a breach of fiduciary duty. Because the Trustee has failed to show either, summary judgment will be granted on all aiding and abetting claims.

A. Narrowing Down the Trustee’s Claims

Three breaches alleged by the Trustee involve actions or choices that made by the ACAS Defendants before they first told the New Matco Defendants of NewStarcom’s distress.93 Because there is no basis for finding that the New Mateo Defendants aided or abetted these actions and decisions by ACAS, the Court must grant summary judgment on claims (b), (h) and (i). Claims (a), (d) and (e) involve the New Mateo Defendants, but only indirectly.94 *125Finally, claims (c), (f), (g) and (j) involve direct dealings between the ACAS Defendants and the New Mateo Defendants.95 Of these, claims (f) and (g) create identical aiding and abetting claims, and are therefore merged.

1. Claims (f) and (g) only create a single aiding and abetting claim, which in reality is a direct claim for breach of fiduciary duty.

Claims (f) and (g) both assert a breach of fiduciary duty based on ACAS requesting New Mateo to share the risk on a letter of credit ACAS had issued to CNA and New Mateo agreeing to the same. Based on their wording in the .Complaint, claim (f) states a breach of fiduciary duty claim against the New Mateo Defendants, while claim (g) states a breach of fiduciary duty claim against the ACAS Defendants. The Court has already stated it will grant summary judgment in favor of New Mateo on the breach of fiduciary duty claim.

2. There is absolutely no basis for finding aiding and abetting liability on claims (b), (d), (e), (h), (i) and (j).

The Court will grant summary judgment on claims (b), (d), (e), (h), (i) and (j). Claims (b), (h) and (i) allege breaches of fiduciary duty by the ACAS Defendants that occurred well before the New Mateo Defendants became involved and the Trustee has introduced no evidence that would support finding aiding and abetting liability on these claims. Claims (d) and (e) allege breaches of the ACAS Defendants’ duty of care, and, therefore, the New Mat-eo Defendants are only liable for aiding and abetting if they “purposefully induced the breach of the duty of care.”96 The Trustee has not pointed to any evidence to support an inference that the New Mateo Defendants induced the ACAS Defendants into “(d) abdicating their responsibility to play a meaningful role” in sale of Old Mateo or “(e) imposing an unreasonably short deadline for finalizing a sale of Old Mateo.” Finally, Claim (j) alleges that the ACAS Defendants breached their fiduciary duties by “exposing the Debtors to potential liability” under the WARN Act. Because the New Mateo Defendants played no role in the closing of Constar and Port City and in their purchase of Old Mateo expressly agreed97 that New Mateo would make no layoffs that would create WARN Act liability,98 the Court will grant summary judgment on this claim.

3.On claims (a), (c) and (d) — all based on the sale of Old Mateo — the Trustee fails to point to evidence showing that the New Mateo Defendants “knowingly aided or abetted” the ACAS Defendants.

Three remaining claims are based on the sale of Old Mateo to the New Mateo De*126fendants. The Trustee properly plead these as three separate fiduciary duty claims against the ACAS Defendants: claim (a) asserts that the ACAS Defendants failed in their duty of care by failing to market Old Mateo at all; claim (c) asserts that the ACAS Defendants breached their duty of care by agreeing to sell Old Mateo without first engaging in some process for determining its fair market value; and claim (d) asserts that the ACAS Defendants violated their duty of loyalty by knowingly selling Old Mateo at a low price so that New Mateo would agree to share ACAS’s exposure on a letter of credit.99 As previously stated, the New Mateo Defendants do not contest the underlying breach of fiduciary duty claims against ACAS. As a result, the Court’s inquiry is restricted to whether the New Mateo Defendants knowingly aided or abetted the ACAS Defendants.

The Court finds it proper to analyze these claims together; actions by the New Mateo Defendants that “aid” or “abet” one of these claims almost certainly “aids” or “abets” the other two claims. Because the Trustee has wholly failed to introduce evidence that would support finding that the New Mateo Defendants “knowingly” aided or abetted the ACAS Defendants, the differences in the “knowing” requirement for each of the three claims do not require substantial consideration.

B. The Trustee Has Failed To Support His Claim on the ACAS Letter of Credit

The Court finds the Trustee has waived his claim based on the ACAS letter of credit. As stated above, the Trustee has failed to address this claim upon summary judgment. Because the Trustee would carry the burden of proof on this claim at trial, the Court must grant summary judgment to the New Mateo Defendants. The Trustee’s failure to mention this claim, fully explain the legal theory behind this claim, introduce evidence in support of this claim and connect that evidence to his legal argument render any further consideration pointless. Not only is there a “absence of evidence in support of an essential element” of this claim, there is a lack of explanation on what the essential elements of this claim are.

C. The Trustee’s Aiding and Abetting Claims Related to the Sale of Old Mateo Wholly Lack Evidence

The Trustee’s aiding and abetting claims fail for a simple reason — the Trustee has failed to produce any evidence that would support a finding that the New Mateo Defendants “aided” or “abetted” a breach of fiduciary duty committed by the ACAS Defendants in sale of Old Mateo. As the Court noted at the outset, aiding and abetting requires more than mere “facilitation.” The Trustee has totally failed to present evidence of direct knowledge or constructive knowledge by the New Mateo Defendants that the ACAS Defendants were breaching their fiduciary duties.

In support of his aiding and abetting claims, the Trustee first asserts, in direct contradiction of the record, that the New Mateo Defendants acted deceptively towards Citizens and its consultant.100 The *127Trastee bases this assertion on two pieces of “evidence.” First, the Trustee effectively argues that because we know, ex-post, that New Mateo is worth far more than $2 million paid for Old Mateo, Citizens “must” have been misled about its worth at the time of the sale. This is the sort of inference condemned at the pleading stage, and expressly found irrelevant by this Court in 2013.101 It therefore requires no further consideration' from the Court. Second, the Trustee asserts that “Barber repeatedly downplayed Old Mat-eo’s value going forward.” 102 In support of this assertion, the Trustee offers a single citation to the record — which makes the Trustee’s use of the word “repeatedly” somewhat boggling. Finally, this single piece of evidence is hearsay and the Trustee has failed to show that any hearsay exception applies. Inadmissible evidence cannot create a genuine dispute of material fact.103 The Court therefore finds a total lack of evidence in support of the Trustee’s interpretation of this material fact.

The single quotation the Trustee offers in support of his assertion is from an email in which Citizens’ workout officer, Christine Butler, states that “Old Namco was around [$10 million] in revenue and Barber talked about going back to that level several times and not doing bonded projects. ”104 This is paradigmatic hearsay; Butler, in emailing another person, was recounting Barber’s statement. The Court also finds it necessary to point out that this offers no direct evidence that Freije or Elliot mislead Citizens.

The Court finds that Barber’s alleged statement, even if deemed admissible, cannot support the Trustee’s assertion. First, Barber’s statement expresses no opinion on what valuation Old Mateo had as a going concern in the fourth quarter of 2007 — Barber was expressing a possible future path for New Mateo, at which time Citizens would not even be involved. Moreover, there is no evidence that Barber claimed this was the only possible path forward for New Mateo, or that New Mat-eo’s current operations were unsustainable. Simply put, it severely strains credulity to infer that this single statement could mislead Citizens, a sophisticated financial institution and investor.

The Court also notes that the Trustee bases his valuation model on EBITDA, not gross revenue.105 Old Mateo’s gross revenue the year before the sale was $33.6 million. Even if the Court assumes that non-bonded work is no more profitable than bonded work, Barber’s statement implies an EBITDA of approximately $800,000 and a valuation of at least $6 million, well north of the $2 million that the New Mateo Defendants paid for Old *128Matco.106 Second, there is evidence in the record that Old Matco’s most profitable work was maintenance and upkeep107 of electrical systems — the exact type of non-bonded work that Barber’s statement refers to. The Trustee has offered no evidence from which the Court could infer what EBITDA New Matco would have if it had only performed non-bonded work. Thus, the Court has no basis for concluding that New Matco would be worth any less by exclusively performing lower revenue — but possibly higher profitability — projects.

Finally, the record shows that Old Mat-eo’s books were entirely open to Citizens prior to the sale. There is no colorable evidence that the books, were altered or misleading. Because the Trustee has failed to present any evidence that the New Mat-eo Defendants misled Citizens, summary judgment must be granted on this claim.

D. There Is No Evidence The New Mateo Defendants “Knowingly” Aided Or Abetted An Unlawful Sale

In his brief opposing summary judgment, the Trustee relies heavily on a specific chain of logic in supporting these claims — the Trustee claims that (1) the ACAS Defendants had clear conflicts of interest in regards to the sale, (2) the New Mateo Defendants knew of these conflicts and therefore (3) by purchasing Old Mat-eo, the New Mateo Defendants aided and abetted the ACAS Defendants.108 These formulaic arguments, too, are unpersuasive, because even if the Trustee had successfully shown the New Mateo Defendants’ actions aided or abetted the ACAS Defendants in conducting an unlawful sale, the Trustee has failed to point to any evidence from which the Court may infer they did so “knowingly.”

The Trustee has not presented any evidence that the New Mateo Defendants knew how the ACAS Defendants had behaved in the months leading up to October 2007. Second, the Trustee has presented no evidence the New Mateo Defendants knew how the ACAS Defendants had represented the financial condition of Old Mateo to Citizens. Third, the Trustee’s various arguments that the New Mateo Defendants “knowingly” aided and abetted the ACAS Defendants either lack evidence or do not rise to the “knowing” level required by law.109

The Court finds itself quite frustrated by the Trustee’s arguments. His modus operandi is clear — seize one or two indisputable, but relatively innocuous facts, use those facts to make an enormous inferential leap without any other evidence to support that leap, and then assert that the New Mateo Defendants obviously “knew” and participated in the actions of the ACAS Defendants. Not once does the Trustee compare this case directly to precedent to demonstrate his leap is warranted or should be accepted for the purposes of *129summary judgment. Not once does the Trustee substantively discuss the “knowing” requirement of aiding and abetting claims.

1. Agreeing to purchase Old Mateo at “liquidation value” does not demonstrate the .“knowing” requirement of aiding and abetting.

First, the Trustee claims that “by agreeing to purchase Old Mateo for a liquidation price that they knew was inappropriate for a profitable going concern, Old Mateo’s officers aided the ACAS Defendants’ breach.” 110 His claim is that the price was so outrageously low, the New Mateo Defendants must have know they were aiding and abetting a breach. This claim plainly fails.

Second, the Trustee repeatedly references the fact that Old Mateo’s bank account, at that time, held approximately $2 million in cash.111 This too, is no evidence that the sale price was improper — as the Trustee repeatedly emphasizes, Old Mateo was required to hold funds in trust for payment to its contractors and vendors. Citizens would have violated New York Lien Law if it attempted to foreclose on that cash. CNA would also likely have had priority over that $2 million if Old Mateo failed.112 Citizens received $2 million in unencumbered cash in exchange for an account that, to Citizens, had absolutely no value.

Third, the Trustee continuously references the underlying fundamentals of Old Matco to support this conclusion.113 This provides no support. This Court has already definitively stated that the Trustee’s claims must be based on the process that led to the sale of Old Matco, and not on the price itself.114 Moreover, there is no question that Old Matco’s fundamentals were solid, and Citizens knew this when they agreed to the sale. Old Matco experienced a liquidity crisis that prompted the sale, and Citizens only began unconditional forbearance after Barber approached it about purchasing Old Matco.

Finally, there is no question that Old Mateo had been inches from complete collapse, until Barber unilaterally agreed, during negotiations leading up to the sale, to give a personal guarantee to CNA so that CNA would continue paying vendor and employee claims. The Trustee may be able to prove that it was entirely the fault of the ACAS Directors that Old Mat-eo had reached such a point. He may be able to prove this was a breach of their fiduciary duties. But there is literally no evidence that “if there was a fire, the ACAS Defendants started it with the New Mateo Defendants’ help.”115 The Trustee’s own arguments show the exact opposite: Old Mateo was profitable and cash-flow positive because Barber, Freije and Elliot had astutely managed it for years.116 Moreover, although the Trustee’s assertion that “any perceived emergency had abated *130by late November”117 has some truth to it, this ignores the fact that it was Barber’s unilateral actions that abated the emergency. By October, nobody — including Citizens and CNA — other than Barber was willing to put in the cash necessary to keep Old Mateo running. The Court therefore finds that the sale price of Old Mateo did not provide constructive knowledge that the ACAS Defendants were committing a breach of fiduciary duty.

2. Bargaining directly with Citizens does not demonstrate the “knowing” requirement of aiding and abetting.

The Trustee further claims that “the New Mateo Defendants knew that the ACAS Defendants refused even to participate in the sale price negotiation because they did not care whether Old Mateo was sold for a fraction of its true value.”118 The Trustee’s entire basis for this assertion is (1) the Board planned on shutting down Old Mateo before Barber sought to purchase it and (2) Moore went on vacation instead being actively involved in the sale process. From these two facts, the Trustee makes a huge inferential leap that by bargaining directly with Citizens — the only real party in interest to the sale — the New Mateo Defendants “aided” or “abetted” the ACAS Defendants. The Court cannot accept this inference, even upon the deferential standard of summary judgment.

Even if the Court could accept the Trustee’s inferential leap, the Trustee has still failed to meet the “knowing” requirement for his claims — he has failed to show actual or constructive knowledge by the New Mateo Defendants that the ACAS Defendants were breaching their fiduciary duties by abdicating the sale process to Citizens. Citizens, as the sole secured creditor, was the real party in interest on the selling side of Old Mateo. Barber was directed, by the Director Defendants, to negotiate with Citizens for this exact reason. Moreover, the Director Defendants did, late in the sale process, step back in and require additional terms from the New Mateo Defendants. Finally, Barber, Freije and Elliot were the managers of an electrical contractor, not investment bankers or financial consultants. If a private equity group had bought Old Mateo, it would be reasonable to say they had constructive knowledge the sale was tainted by the fact the ACAS Defendants barely participated. But there are no grounds for holding that the New Mateo Defendants had such constructive knowledge.

3. Knowing that the ACAS Defendants had violated New York Lien Law does not demonstrate the “knowing” requirement for aiding and abetting.

The Trustee also asserts that the New Mateo Defendants knew that the ACAS Directors had a conflict of interest and that this conflict motivated the sale process.119 Again, the Trustee’s asserts absolutely fail to meet the “knowing” standard required for an aiding and abetting claim. The Trustee takes a single fact — that the New Mateo Defendants knew that the up-streaming of cash from Old Mateo violated New York Lien Law — and then makes outrageous and unsupported inferences from it. The Trustee’s argument that the ACAS Defendants were hoping to hide their violations of New York Lien Law by selling Old Mateo is supported by, at best, a moderate amount of evidence. But there is absolutely no evidence that the New Mateo Defendants were aware that this was motivating the ACAS Defendants. And again, the New Mateo Defendants *131negotiated, at arms-length, directly with Citizens.

E. There Is No Evidence the New Mateo Defendants “Aided or Abetted” the Sweeping of Old Mateo’s Accounts.

The Trustee also claims in the months leading up to the Debtors’ bankruptcy, the ACAS Defendants violated their fiduciary duties by sweeping cash from Old Mateo’s accounts in violation of New York Lien Law.120 The Trustee further claims that New Mateo Defendants “facilitate[ed]” 121 the unlawful sweeping of the ACAS Defendants and therefore are liable for aiding and abetting the ACAS Defendants.122 Because the Court finds no evidence that the Mateo Defendants actually “aided” or “abetted” the ACAS Defendants’ sweeping, or did so “knowingly,” the Court will grant summary judgment on this claim.

First, the Court notes the Trustee may not have properly asserted this claim. While the Trustee devotes significant space in his brief in arguing for this claim to survive summary judgment,123 this claim was never asserted in the Trustee’s complaint, and is not reasonably derived from one of the claims he did assert.124 The Trustee may effectively be amending his complaint five years after it was filed and asserting a new claim. Because, however, the Court finds that summary judgment is clearly warranted on this claim, the Court finds it unnecessary to determine if this claim is improperly asserted.

The evidence clearly establishes that Barber, Freije and Elliott never exercised any measure of control over the finances of NewStarcom,125 that NewStarcom never allowed them full control over Old Mateo’s accounts and they never had the authority to stop the sweeping of cash from Old Mateo’s accounts.126 The ACAS Defendants did not need the permission of the New Mateo Defendants to conduct the sweeps.127 The Trustee has presented no evidence contradicting these facts, nor has he introduced evidence that the New Mat-eo Defendants could have, by themselves, prevented ACAS from sweeping Old Mat-eo’s accounts.128 This lack of power is fatal to the Trustee’s claim — how could the New Mateo Defendants have “aided” or “abet*132ted” the sweeping of Old Matco’s accounts, when they had no power to prevent the sweeping?

To overcome this deficit of evidence, the Trustee offers another theory: that by not going to the New York authorities — whomever that may be — and telling them that the ACAS Defendants were violating N.Y. Lien Law, the New Mateo Defendants aided and abetted the ACAS Defendants.129 While a failure to act can certainly constitute a breach of a party’s duties, that is not the relevant question here. The question here is whether a failure to act constitutes “aiding and abetting,” and the Trustee has offered no precedent or authority for such a holding. “Aiding and abetting,” by definition, implies active participation or affirmative action. The Trustee’s own phrasing implicitly acknowledges this.130 While it is possible that the New Mateo Defendants breached their own duties to Old Mateo by failing to go to the authorities, the Trustee cannot assert the claims of Old Mateo. Because the Trustee offers no authority for such a broad definition of aiding and abetting, the Court will grant summary judgment on this claim.

IV. The Trustee’s Motion for Reconsideration Will Be Denied

This Court previously dismissed four claims, brought by the Trustee, that alleged that the sale of Old Mateo to the New Mateo Defendants was an avoidable transfer under both Delaware law and the Bankruptcy Code.131 The Trustee now moves for reconsideration of the Court’s order dismissing those claims on two grounds. First, the Trustee asserts that the New Mateo Defendants withheld responsive documents during the Trustee’s Rule 2004 discovery and that, but for New Mateo’s failure to produce said documents, the Trustee would have properly alleged an avoidable transfer.132 Second, the Trustee argues that the New Mateo and ACAS Defendants misled both the Court and the Trustee, and, therefore, reconsideration is necessary to prevent manifest injustice.133

The Court must deny the Motion for Reconsideration. First, a motion for reconsideration is an extraordinary means of relief, made more extraordinary by the Trustee’s three year delay in seeking relief. Second, the New Mateo Defendants have shown that they did not withhold any critical documents during the Trustee’s initial Rule 2004 discovery requests. Third, the Court finds no basis in fact for the Trustee’s claims that the Defendants misled the Trustee or the Court.

Instead, careful review of the record makes two facts clear. First, the Trustee *133and his attorneys failed to adequately review New Mateo’s initial productions and, as a result, failed to specifically allege a fraudulent transfer claim that would likely have survived the Defendants’ motions to dismiss. Second, the New Mateo and ACAS Defendants took no action to correct the Trustee’s mistakes. The Defendants, however, were under no duty to do the Trustee’s job for him. They did not, as the Trustee wildly alleges, “violate their duties of candor,” “ma[ke] false statements under oath,” “mis[lead] the court” or “misrepresent” the sale transaction and the Court sees no reason that they “should be sanctioned” for smart and careful lawyer-ing.134 The Court believes it would constitute manifest injustice for it to grant this motion for reconsideration, simply because, after three years, the Trustee and his attorneys finally did the work necessary to understand the entire sale transaction and now regret their failure to properly allege an avoidable transfer in 2012. Reconsideration will be denied.

A. Standard for Reconsideration of an Interlocutory Order

The Trustee seeks reconsideration of this Court’s interlocutory order under Fed.R.Civ.P. 54(b). The Court applies the standard applicable to a Rule 59(e) motion, but places a slightly lesser burden of persuasion on the movant.135 This Court has previously emphasized that “[a] motion for reconsideration is an extraordinary means of relief’136 and therefore the movant must prove one of three extraordinary grounds before reconsideration is justified: “(1) an intervening change in controlling law; (2) the availability of new evidence; or (3) the need to correct clear error [of law] or prevent manifest injustice.”137 In practice, the movant must point to “controlling decisions or data ... that might reasonably be expected to alter the conclusion reached by the Court.” 138 The Court may deny a motion for reconsideration if it is unreasonably late and thereby prejudices' the opposing party.139

B. What Transfer Is the Trustee Now Hoping to Avoid?

The structure of the Old Matco sale transaction is complex, but consisted of three major parts. First, Old Matco directly sold its assets to New Matco (the “Asset Sale”).140 Second, the “New Matco Stock Trust” was created, with its formation documents naming New Matco as the sole beneficiary of the Trust.141 Third, NHI transferred its 100% equity stake in Old Matco to the New Matco Stock Trust in exchange for $1 (the “Stock Trans*134fer”).142

The Trustee now alleges that the Stock Transfer was a fraudulent transfer that is avoidable under the Bankruptcy Code.143 The merits of that allegation are not the subject of this decision. The Trustee further argues that the Court’s 2012 Order dismissed this claim, and that reconsideration of that order is warranted.144 The Court notes — without passing official judgment — that if the Court did not dismiss this claim in 2012, statutory limitations on the Trustee’s avoiding powers may bar him from now bringing this claim.145

C. In 2012, the Trustee Was Attempting to Avoid an Entirely Different Portion of the Old Mateo Sale Transaction.

The Court’s review of the transcript of the June 12, 2012 hearing and the Defendants’ briefings makes two facts clear: (1) in 2012, the Trustee only asserted fraudulent transfer claims based on the Asset Sale and (2) the Defendants and their attorneys committed no ethical breaches in arguing that the Court should dismiss those claims.146 The Trustee’s statements and arguments at the 2012 hearing make clear that the Trustee’s fraudulent transfer claims did not include NSC’s transfer to the Mateo Stock Trust.147 Instead, the Trustee focused entirely on whether he could challenge Old Mateo’s sale of its assets to New Mateo.148 The Trustee’s primary argument at the hearing was that the estate inherited Old Mateo’s fraudulent transfer claims after Old Mateo dissolved.149 The Court agreed with Ms. Shapiro that the text of the Code unambiguously contradicted the Trustee’s argument.150 The Court further found that although it was possible the estate could have inherited Old Mateo’s state law fraudulent transfer claims, the Trustee had (1) not properly plead those state law claims and (2) had not met the requirements for asserting a derivative or successor state law claim'.151 Not once did the Trustee mention NHI’s transfer of its 100% equity interest in Old Mateo to the Mateo Stock Trust.152

The Court agrees with the summary Ms. Shapiro made at the time — “[i]t’s completely clear from the complaint that what’s being alleged [by the Trustee] is *135the transfer of assets of old Mateo [was fraudulent].”153 Ms. Shapiro’s arguments and responses at the hearing were always circumscribed to the narrow question of whether New Mateo’s purchase of the physical property and intangible assets of Old Mateo constituted a fraudulent transfer under § 11 U.S.C. § 548.154 The Court sought and found an answer to that question.155 Ms. Shapiro and the Defendants had no duty to tell the Trustee that he had focused on the wrong portion of the sale transaction. Because the Trustee did not assert the specific fraudulent transfer claim he now wishes to bring, the Court never dismissed this specific claim.

D. The Trustee Has Failed to Show Cause for Reconsideration

Even if the Court’s 2012 Order did dismiss the Trustee’s claim,156 nothing warrants reconsideration of that dismissal. Although the Trustee claims that “new evidence” withheld by the Defendants lead to the Trustee’s “discovery” of this part of the sale transaction, the Defendants have demonstrated that their initial disclosures included documents detailing every portion of the Old Mateo sale, including the transfer of NSC’s equity.157 As a result, the Trustee’s new evidence argument does not provide grounds for reconsideration.158 The Trustee’s reply brief offers no response to this clear summary of the record, but instead pivots from the Trustee’s “new evidence” argument to an argument that the Defendants mislead the Court in 2012.159 As previously explained, the Court finds no evidence of deception or misdirection — Ms. Shapiro and the New Mateo Defendants simply disclosed the documents requested by the Trustee and let the Trustee make his own legal arguments based on those documents.

Further, the Court believes reconsideration would greatly prejudice the New Matco Defendants. The addition of the Trustee’s’ new fraudulent transfer claim would likely require discovery to be reopened, and a new party be named as an additional defendant. If the Trustee were successful on his claim, an entirely new, and complex, question of damages would arise; because Old Mateo was a shell entity that merely held contracts that could not be assigned to New Mateo, the parties would need to argue and brief a number of new questions of law, in particular how the proceeds of those contracts should be divided between Old Mateo — the contracting party — and New Mateo — the performing party. These new issues would, in turn, require even more discovery. Finally, adjudicating these questions would elongate this case — which is finally nearing its conclusion five years after being' filed — by an uncertain, but likely substantial, period of time. Because the Trustee’s delay was not the result of the New Mateo Defendants’ withholding of evidence, this prejudice is unacceptable and reconsideration is not warranted.

*136V. The Trustee’s Motion to Take Judicial Notice Will Be Granted

The Court will take judicial notice of the Debtors’ (“Schedules”) and statements of financial affairs (“SOFAs”). FRE 201(c)(2) states that the Court must take judicial notice of an adjudicative fact “if a party requests it and the court is supplied with the necessary information.” An adjudicative fact is not a “material fact,” but simply any fact “which relate[s] to the parties.”160 The Court understands adjudicative facts to be any admissible evidence “that normally go[es] to the jury in a jury case.”161 The Debtors’ Schedules and SOFAs are admissible evidence that a jury could consider. Because there is no reasonable dispute that the Debtors filed these schedules and SOFAs, the Court must take judicial notice of them under Federal Rule of Evidence 201(c)(2).

However, the taking of judicial notice of the Debtors’ Schedules and SOFAs does not establish as fact any of the information or attestations within them. The Debtors’ Schedules and SOFAs state that Ron Barber was an officer of NSC Holdings, Inc. The Court is not taking judicial notice of that attestation’s truth or veracity; only that the Schedules and SOFAs attest to it. Mr. Barber did not sign the Schedules and SOFAs and their contents do not bind him. As fully explained in the Court’s holding on the New Mateo motion for summary judgment, this single piece of evidence is insufficient to create a triable issue of fact on whether Barber owed the fiduciary duties of a director to any of the Debtors.

VI. The ACAS Defendants’ Motion To Strike Will Be Granted, In Part, And Denied, In Part

The Court will grant, in part, and deny, in part, the ACAS Defendants’ Motion to Strike. Federal Rule of Evidence 704 was created to allow experts to testify in the clearest terms possible, even if those terms have specific legal meaning or “embrace an ultimate issue.” So long as an expert does not usurp the Court role in determining the law of the case, the intermittent use of legal terms is not grounds for excluding testimony.

First, because the “Executive Summary” section of the Brownstein Company’s Report presents “legal” conclusions without first creating any factual context for those conclusions, the Court holds that it should be stricken. Second, even though the “Analysis and Opinion” section of the Report overuses “legal” terminology, the Court finds that striking this section of the Report would be improper. Although striking might be warranted in a jury trial, the Court is sitting as trier-of-fact in this adversary proceeding, and is' fully capable of looking past the semantics of the Report and to its substance. Finally, because the remainder of the Report presents relevant, admissible testimony and analysis, does not attempt to explain Delaware Law or conduct legal analysis and grounds its “legal” conclusions in factual citation to the record, the Court will deny the Motion to Strike as to the remainder of the Report.

A. When May, and When Must, the Court Strike an Expert’s Testimony?

The decision to strike expert testimony is a delicate one and, like most evidentiary rulings, involves a balancing of competing goals. On the one hand, the Federal Rules of Evidence “embody a strong preference for admitting any evidence that may assist the trier of fact, and take a liberal policy of admissibility with *137respect to expert testimony.”162 Valuation evidence is of particular importance in determining whether an asset was sold below its fair market value, and therefore in determining whether a fiduciary breached his duties by agreed to such a sale.163 The more valuable specific evidence is in assisting the trier-of-fact, the greater the burden is in excluding that evidence.164

On the other hand, “the Federal Rules do not permit experts to testify as to legal conclusions.”165 More specifically, an expert may not testify as to “whether [a defendant] breached their fiduciary duties.”166 The Court can strike the entirety of an expert report when a significant portion of it constitutes improper legal analysis and conclusions.167

B. It Would Be an Inappropriate Exercise of Discretion to Strike the Expert Report in Full

The ACAS Defendants fail to show that the Court must or should strike the report in its entirety. The ACAS Defendants state that “conclusions of law dominate the entire report,”168 yet every specific citation of “improper legal conclusions” by the ACAS Defendants is to one of three areas in the report: the Executive Summary (p. 1-7), the Analysis & Opinion (p. 81-95), and the discussion of New York Lien Law (p. 22-23). Some sixty pages of the report lack any improper legal conclusions. Those pages are not “ ‘merely reformulations’ of the same underlying conclusion,” 169 but contain detailed financial modeling and analysis, explanation of the Debtors’ corporate structure, a thorough timeline and over two hundred citations to the record.

The Court agrees with the Trustee that “intermittent legal gloss” is insufficient to strike the entirety of an expert’s report.170 After reviewing the Report, the Court also agrees with the Trustee that while the Report contains “conclusions of law,” it does not attempt to explain Delaware law or conduct legal analysis.171 The Trustee’s invocation of Cantor is the correct one; when an expert uses legal terminology or makes legal conclusions in a bench trial, the Court should simply ignore the conclusory language.172 When an expert attempts to offer a full legal opinion or interpretation of law, however, his testimony should be struck in its entirety.173

*138The Court’s inclusion of this report would be of much greater concern in a jury trial, where the Report’s legal conclusions might usurp the jury’s role. Here, however, the Court is sitting as the trier of fact and will not be misled or confused by the Report’s use of legal language. And that is exactly what the Court should do; consider the 70+ pages of relevant analysis and ignore the less than dozen pages that include any legalistic language whatsoever. There is no jury here and the Court’s gatekeeper role is significantly reduced.174 The Court can simply disregard the inadmissible portions of the Report.175

C. The Court’s Course of Action Moving Forward

The Court exercises its discretion like a scalpel, not a mallet, and therefore the motion to strike will be granted, in part, and denied, in part. The “Executive Summary” (p. 5-7) of the Report will be stricken completely; there is no doubt these pages are rife with improper “legal” conclusions and because these conclusions precede the Expert’s analysis and fact citations, striking them from the report does not reduce the Report’s value in assisting the Court as trier-of-fact.

With regard to the remaining portions of the report, the motion to strike is denied. The “Opinion & Analysis” section of the Report, while often stating legal conclusions, is a factual narrative and those “legal conclusions” are made solely in reference to the facts, as found by the expert. In term of substantive legal analysis, the Report does not go any further than differentiating between the duty of care and the duty of loyalty.176 The Court is fully capable of looking past the semantics of the Report and focus on the substance of the analysis performed by the Brownstein Company. As a result, the motion to strike will be denied as to the remainder of the Report.

CONCLUSION

Summary Judgment will be entered in favor of the New Mateo Defendants on all claims asserted against them. The Trustee has failed to refine the broad claims of his complaint into specific claims based on the facts in evidence. To the extent he has, there is a lack of evidence on one or more necessary elements in each and every claim. The Trustee’s breach of fiduciary duty claims fail because they do not recognize the distinction between the fiduciary duties of the New Mateo Defendants and the duties of the ACAS Defendants. The Trustee’s aiding and abetting claims fail because the Trustee has pointed to no evidence sufficient to show at trial that the New Match Defendants “knowingly” aided and abetted the ACAS Defendants. Finally, the Trustee’s failure to acknowledge the factual context of his claims against the ACAS Defendants renders most of his inferences so implausible that they cannot be accepted by the Court, even at summary judgment, when all reasonable inferences must be drawn in his favor.

' The motion to take judicial notice will be granted. The Schedules and SOFAs of *139the Debtors clearly fall within the range of uncontested documents which the Court should take judicial notice of upon request by a party. However, the contents of those Schedules and SOFAs do not become fact.

The motion to strike will be granted, in part, and denied, in part. On the whole, the Brownstein Company’s Expert Report presents relevant, admissible evidence. The Report’s overuse of legal terms would be of substantial concern at a jury trial, but that concern is greatly lessened when the Court is sitting as the trier-of-fact. Because the ■ Report does not attempt to define Delaware law or perform legal analysis, there is no reason for it to be struck in full from this adversary proceeding.

The motion for reconsideration will be denied. The Court does not believe its 2012 Order dismissed the new claim asserted by the Trustee, and therefore reconsideration would not grant the relief the Trustee seeks. Even if the Trustee’s claim was dismissed, reconsideration is not warranted. The Trustee has failed to show new evidence warrants reconsideration and the interests of justice, far from requiring reconsideration, weigh heavily against. The Trustee’s failure to properly and timely assert this fraudulent transfer claim is entirely result of his own doing.

An order will be entered.