Opinions

Opinion in AgFeed USA – Another (Mostly) Successful Motion to Dismiss

02/20/16

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 bankruptcy.  The “Opinion” is available here.

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Sixth Circuit Denies Bad Faith Cram Down

02/08/16

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 1129(a)(3)’s requirement of having been proposed in good faith.

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Objections to Applications Which Include Indemnification for Defense of Fees Sustained

02/01/16

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 represent the Official Committee of Unsecured Creditors (the “Committee”) of Boomerang Tube, LLC (the “Debtor”).

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Trump Decision – Claims of Unite Here Health are not Administrative

01/27/16

In a 5 page opinion released January 21, 2016 in the Trump Entertainment Resorts case (Bank. D. Del.

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DE Bankruptcy Court Abstains from Determining Altegrity’s Tax Liability

01/19/16

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.

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Third Circuit Affirms Bankruptcy Opinion – Trump Entertainment

01/18/16

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 Entertainment – A Debtor’s Rejection of a Bargaining Agreement.  Note, this was a direct appeal f

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Professional Fee Issues in Tropicana Entertainment

01/11/16

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’ division of professional payments.  Judge Carey’s opinion is available here (the “Opinion”).

Background

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Judge Sontchi Opines on Committee Counsel Fee Application

12/28/15

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 it worth noting.  Judge Sontchi’s opinion is available here (the “Opinion”).  The Opinion was issued in Cal Dive International, Inc., Case No. 15-10458.

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MIG, LLC – Virgin Islands Law According to Judge Gross

12/20/15

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”).

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Opinion in AgFeed USA – A Release of all Known and Unknown Causes is Binding, Even in Bankruptcy Court

12/15/15

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 “Opinion” is available here.

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