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In re Energy Conversion Devices Inc.

In re Energy Conversion Devices Inc.

Ruling
Investor's claim for breach of fiduciary duty allowed but subordinated to claims of non-equity holders.
Issue(s)
Was creditor's claim one for damages arising from the purchase or sale of a security, which would be required to be subordinated to claims of non-equity holders?

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Commercial opinion summary, case decided on January 30, 2015 , LexisNexis #0215-120