Freeland v. Edison Corp. (In re Consol. Indus. Corp.)
Oct
31
2006
Ruling
Bankruptcy court properly avoided $30 million in dividend notes held by corporate debtor's parent.
Procedural posture
A corporate debtor filed an adversary proceeding against defendants, its corporate parent, a holding company, and five persons. The bankruptcy trustee was thereafter substituted as plaintiff. The parent appealed after the bankruptcy court entered a judgment against it. Although the bankruptcy court proposed to enter judgment in their favor, remaining defendants filed objections to its findings and holdings pursuant to Fed. R. Bankr. P. 9033.
ABI Membership is required to access the full summary of Freeland v. Edison Corp. (In re Consol. Indus. Corp.) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: