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In re Washington Mutual Inc.

In re Washington Mutual Inc.

Ruling
Claim based on contract for naming rights and sponsorship of theater allowed where debtor's authorized agent was signatory.
Procedural posture

The debtors, parent and subsidiary corporations, filed objections to the claim of creditor, the media arm of a sports and theater complex, which filed a proof of claim in the bankruptcy case against one of the debtors, in the amount of $ 7,596,726 pursuant to a pre-petition five year contract for naming rights and sponsorship of a theater.

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Commercial opinion summary, case decided on December 15, 2009 , LexisNexis #0110-077