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In re QA3 Fin. Corp.

In re QA3 Fin. Corp.

Ruling
Relief from stay granted to allow insurer to pursue non-core litigation pending in another district.
Procedural posture

An insurer filed a motion for relief from the automatic stay pursuant to 11 U.S.C.S. § 362(d)(1) in order to allow it to continue a declaratory judgment proceeding regarding the policy that was pending in the United States District Court for the Southern District of New York prior to the date the debtor filed a Chapter 11 petition. The debtor and the Official Unsecured Creditors Committee objected to the relief requested.

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Commercial opinion summary, case decided on July 01, 2011 , LexisNexis #0811-042