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Massachusetts Dept of Unemployment Assistance v. OPK Biotech LLC (In re PBBPC Inc.)

Massachusetts Dept of Unemployment Assistance v. OPK Biotech LLC (In re PBBPC Inc.)

Ruling
Bankruptcy court properly ordered sale free and clear of state unemployment department's right to tax purchaser at higher successor rate.
Procedural posture

Appellant, the Massachusetts Department of Unemployment Assistance (DUA), challenged a decision of the United States Bankruptcy Court for the District of Massachusetts, which enforced pursuant to 11 U.S.C.S. § 363(f) the sale of the debtor's assets free and clear of any interest in the assets, including the DUA's right to tax the purchaser at the debtor's unemployment contribution rate.

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on January 17, 2013 , LexisNexis #0213-043