- 11 U.S.C.
Adelphia Recovery Trust v. HSBC Bank USA (In re Adelphia Recovery Trust)
Feb
08
2011
Ruling
Trust that actively participated sale of the assets of a related debtor, to which it was a creditor, was properly barred from pursuing fraudulent conveyance claims against three banks holding loans secured by those assets.
Procedural posture
Appellant, a statutory trust created pursuant to a confirmed Chapter 11 reorganization plan for a cable television company, sought review of the U.S. District Court for the Western District of New York's decision affirming in part and reversing in part a bankruptcy court order barring the trust from pursuing fraudulent conveyance claims against appellees, three banks.
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Court
:
Judge or Jurisdiction information not available