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In re Fieldstone Mortg. Co.

In re Fieldstone Mortg. Co.

Ruling
Software licensor not entitled to administrative expense claim for breach of contract where debtor rejected contract signed by its parent.
Procedural posture

In this chapter 11 case, the debtor rejected an executory software licensing and servicing agreement prior to plan confirmation. The software licensor filed an administrative claim, to which the plan trustee objected.

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Commercial opinion summary, case decided on March 22, 2010 , LexisNexis #0710-010