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Official Comm. of Unsecured Creditors of Midway Games Inc. v. National Amusements Inc. (In re Midway Games Inc.)

Official Comm. of Unsecured Creditors of Midway Games Inc. v. National Amusements Inc. (In re Midway Games Inc.)

Ruling
Unsecured creditors' committee's claims against debtor's board members dismissed under state law.
Procedural posture

Plaintiff, official committee of unsecured creditors (the committee), brought this adversary action to recover alleged damages to the estate of debtor resulting from several financial transactions. Motions to dismiss were filed by all of the defendant groups.

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Commercial opinion summary, case decided on January 29, 2010 , LexisNexis #0410-019