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§ 1102

Listecki v. Official Comm. of Unsecured Creditors

Ruling
The First Amendment and the Religious Freedom Restoration Act did not bar proceeding for avoidance of transfer by Archdiocese of Milwaukee to cemetery trust.
Issue(s)
Did the bankruptcy court err in holding that actions of the official committee of unsecured creditors in seeking avoidance of transfer by debtor Archdiocese of Milwaukee to a cemetery trust were barred by application of the First Amendment and the Religious Freedom Restoration Act?

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on March 09, 2015 , LexisNexis #0415-061

In re Budd Co.

Ruling
Motion for appointment of separate asbestos committee granted.
Issue(s)
Should separate asbestos committee be appointed in case of manufacturer?

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Commercial opinion summary, case decided on July 07, 2014 , LexisNexis #0814-028

In re City of Detroit

Ruling
Trustee lacked authority to appoint a committee of unsecured creditors in a chapter 9 case prior to order for relief.
Issue(s)
Should trustee's appointment of an official committee of unsecured creditors in debtor city's chapter 9 case be vacated?

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Commercial opinion summary, case decided on February 28, 2014 , LexisNexis #1014-059

In re Residential Capital LLC

Ruling
Appointment of Official Committee of Borrowers, whose loans were serviced by debtor, denied.
Procedural posture

Debtors, an LLC that serviced residential mortgages and affiliated businesses, declared chapter 11 bankruptcy, and the court appointed an Official Committee of Unsecured Creditors to protect creditors' interests. Homeowners who executed mortgages that were serviced by the debtors asked the court to appoint an Official Committee of Borrowers to protect their interests. The debtors and the Creditors' Committee opposed the homeowners' motion.

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Commercial opinion summary, case decided on October 23, 2012 , LexisNexis #1112-060

In re Shorebank Corp.

Ruling
Emergency motion to reconstitute official committee of unsecured creditors denied.
Procedural posture

Movants, who were three interested creditors, a personal injury claimant and two former directors of the debtor, filed an emergency motion for a court order directing the United States Trustee to reconstitute the unsecured creditors committee formed for the debtor, or alternatively for other relief.

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Commercial opinion summary, case decided on March 12, 2012 , LexisNexis #0512-094

Spencer Ad Hoc Equity Comm. v. Idearc Inc. (In re Idearc Inc.)

Ruling
Appeal of confirmation order properly dismissed due to substantial consummation.
Procedural posture

Appellant equity committee appealed from an order of the United States District Court for the Northern District of Texas denying the committee's appeal of the bankruptcy court's confirmation order of the reorganization plan by debtor and appellee on the grounds of equitable mootness.

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on October 17, 2011 , LexisNexis #1111-032

In re JNL Funding Corp.

Ruling
Secured creditor's motion to disband official committee of unsecured creditors denied.
Procedural posture

The purported secured lender of the debtor, which itself was a mortgage lender, filed a request that the court disband the official committee of unsecured creditors.

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Commercial opinion summary, case decided on September 15, 2010 , LexisNexis #1110-028

In re Spansion Inc.

Ruling
Bankruptcy court declined to appoint official committee of equity security holders absent showing that members would receive meaningful distribution.
Procedural posture

Debtors filed separate petitions under chapter 11 of the Bankruptcy Code, and their cases were consolidated for joint administration. An Ad Hoc Committee of Equity Security Holders filed a motion seeking appointment of an Official Committee of Equity Security Holders pursuant to 11 U.S.C.S. § 1102. The motion was opposed by the debtors, an Official Committee of Unsecured Creditors, other creditors, and the U.S. Trustee.

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Commercial opinion summary, case decided on December 18, 2009 , LexisNexis #0110-060

In re Spansion Inc.

Ruling
Motion for appointment of Ad Hoc Committee of Equity Security Holders denied due to inability to demonstrate a meaningful distribution would result or that a formal committee was not necessary.
Procedural posture

Debtors filed separate petitions under chapter 11 of the Bankruptcy Code, and their cases were consolidated for joint administration. An Ad Hoc Committee of Equity Security Holders filed a motion seeking appointment of an Official Committee of Equity Security Holders pursuant to 11 U.S.C.S. § 1102. The motion was opposed by the debtors, an Official Committee of Unsecured Creditors, other creditors, and the U.S. Trustee.

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Commercial opinion summary, case decided on December 18, 2009 , LexisNexis #0110-025

In re Pilgrims Pride Corp.

Ruling
Motion for appointment of official committee of equity security holders granted.
Procedural posture

Debtors, entities that were in the business of producing chicken products, filed petitions under chapter 11, and their cases were consolidated for joint administration. An ad hoc shareholders group (AHSG) filed a motion seeking an order directing the appointment of an official committee of equity security holders, pursuant to 11 U.S.C.S. § 1102(a). An official committee of unsecured creditors and a bank opposed the motion.

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Commercial opinion summary, case decided on April 30, 2009 , LexisNexis #0609-125