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§ 304(c)

Bondi v. Capital & Fin. Asset Mgmt.

Jul
22
2008
Ruling
District court properly denied motion of debtor in foreign proceeding to enjoin U.S. securities fraud action.
Procedural posture

Appellants challenged an order of the United States District Court for the Southern District of New York, denying a motion under 11 U.S.C.S. § 304 (repealed) by appellant debtor in foreign bankruptcy proceedings, to enjoin securities fraud actions brought against it in the United States.

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on July 22, 2008 , LexisNexis #0808-056
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In re Artimm S.r.l.

Dec
01
2005
Ruling
Settlement was approved and settlement funds were directed to Italian bankruptcy court to assure an economical and expeditious administration of the estate.
Procedural posture

An Italian bankruptcy trustee filed an ancillary proceeding under former 11 U.S.C. § 304 to avert a default judgment against the debtor in a California case filed by the debtor's former executive. Bankruptcy court approval was sought for a proposed settlement agreement entered into by the debtor and a movie studio; the executive and a movie producer opposed the settlement's provision for the transfer of funds to the trustee in Rome.

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opinion summary, case decided on December 01, 2005 , LexisNexis #0106-008
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