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In re Touch Am. Holdings Inc.

In re Touch Am. Holdings Inc.

Ruling
Debtor's officers and directors' motion for indemnification or reimbursement of their attorney fees and costs incurred in negligence action denied.
Procedural posture

Following a grant of partial summary judgment in favor of the plan trustee disallowing certain indemnification claims of the movants, officers and directors of the debtors, the court considered the officers and directors' companion motion for indemnification or reimbursement of their attorney fees and costs incurred in underlying litigation, pursuant to 11 U.S.C.S. § 502(e)(l)(B).

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Commercial opinion summary, case decided on July 30, 2009 , LexisNexis #0909-067