Even a Golden Share Can’t Stop Bankruptcy
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In a brief, 4-page decision released May 26, 2016, Judge Gross of the Delaware Bankruptcy Court granted a motion for summary judgment, barring state court litigation in California on the grounds of res judicata . Judge Gross’ opinion is available here ... Read full article
In a 9-page opinion issued in the Syntax-Brillian case on May 11, 2016, Chief Judge Brendan L. Shannon lays out three principles of law that all litigants should know (if they don’t already). A copy of the Opinion is available on the Court’s website: ... Read full article
– But they weren’t as oppressive as my subject line may imply. In a 13 page decision, released April 22, 2016, Judge Gross of the Delaware Bankruptcy Court granted a motion to dismiss an adversary proceeding and sanctioned the Plaintiff – disallowing any ... Read full article
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In a 21 page decision released April 15, 2016, Judge Sontchi of the Delaware Bankruptcy Court ruled on summary judgment regarding a claim submitted by attorneys related to previous litigation. Judge Sontchi’s opinion is available here (the “Opinion”). ... Read full article
In an 11 page decision signed March 29, 2016, Judge Walrath of the Delaware Bankruptcy Court revised a calculation of new value pursuant to an order from the District Court remanding the case. ... Read full article
In the NewStarcom Holdings bankruptcy matter, Miller v. American Capital Ltd., et al. (In re NewStarcom Holdings, Inc., et al.) , Adv. Pro. 10-50063 (CSS) (Bankr. D. Del. March 8, 2016) , the Delaware Bankruptcy Court ruled upon various motions, including ... Read full article
In a 9 page decision signed March 3, 2016 in the AES Thames bankruptcy, Judge Carey of the Delaware Bankruptcy Court held that the recipient of allegedly preferential transfers had received the transfers from the Debtor in the ordinary course of ... Read full article
On February 19, 2016, Judge Brendan L. Shannon of the Delaware Bankruptcy Court granted in part the motion of K. Ivan F. Gothner (the “Defendant”) to dismiss a complaint filed by JLL Consultants, the Liquidating Trustee (the “Trustee”) in the AgFeed ... Read full article
In the recent decision of Village Green I, GP v. Fed. Nat’l Mortgage Ass’n (In re Village Green I, GP), 2016 WL 325163 (6th Cir. Jan. 27, 2016), the Sixth Circuit held that the contrived nature of the impairment will cause the plan to fail section ... Read full article
In the recent opinion of In re Boomerang Inc., et al. , Case No. 15-11247 (Bankr. D. Del. Jan. 29, 2016) , the Delaware Bankruptcy Court considered the United States Trustee’s (“UST”) objections to retention applications of several law firms seeking to ... Read full article
In a 5 page opinion released January 21, 2016 in the Trump Entertainment Resorts case (Bank. D. Del. ... Read full article
In the recent opinion issued by Judge Laurie Selber Silverstein of the Bankruptcy Court for the District of Delaware, In re Altegrity, et al. , Case No. 15-10226 (LSS) (D. Del. Bankr. Ct. Jan. ... Read full article
On January 15, 2016, the Third Circuit Court of Appeals issued a precedential opinion (the “Opinion”) affirming the October 20, 2014 opinion of Judge Gross. The Opinion is available here. My blog post about Judge Gross’ opinion is available here: Trump ... Read full article
In a 10 page opinion released January 5, 2016 in the Tropicana Entertainment bankruptcy (Bank. D. Del. 08-10856), Judge Carey of the Delaware Bankruptcy Court provided a critical opinion concerning the handling of a dispute arising from two debtors’ ... Read full article
In a 7 page decision released December 28, 2015, Judge Sontchi of the Delaware Bankruptcy Court ruled on a professional’s fee application. Even though the Opinion is not particularly unexpected or unusual, because this occurs so infrequently, I thought ... Read full article
Summary In a 14 page decision, released December 16, 2015, Judge Gross of the Delaware Bankruptcy Court considered made a determination of British Virgin Islands law on limited partnerships. Judge Gross’ opinion is available here (the “Opinion”). ... Read full article
On December 15, 2015, Judge Brendan L. Shannon of the Delaware Bankruptcy Court granted the motion of Hormel Foods (the “Defendant”) to dismiss a complaint filed by JLL Consultants, the Liquidating Trustee (the “Trustee”) in the AgFeed bankruptcy. The ... Read full article
The U.S. Bankruptcy Court for the District of Delaware held in a recent opinion that post-petition interest should be excluded from an unsecured creditor’s claim, as otherwise it would violate the plain meaning of Section 502(b)(2). In the case of In re ... Read full article