Mar
11
2023
Voyager Digital Holdings, In re
Ruling:
Objections that sale transaction would be illegal and that debtors would be unable to complete a proposed liquidation for regulatory reasons were rejected as there was no evidence or legal argument to support such contentions. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on March 11,2023, LexisNexis #0523-019
Feb
27
2023
Nat'l Med. Imaging, LLC, In re--Nat'l Med. Imaging, LLC v. U.S. Bank, N.A.
Ruling:
Plaintiffs were entitled to recover from petitioning creditors attorney's fees and costs incurred in obtaining dismissal of involuntary cases. (Bankr. E.D. Pa.)
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Commercial case opionion summary, case decided on February 27,2023, LexisNexis #0523-002
Feb
23
2023
Liquidating Estate of H&P, Inc., In re--Albert's Cap. Servs., LLC v. Kreitz Motor Express, Inc.
Ruling:
Transfers were preferential absent affirmative defenses by transferees. (Bankr. W.D. Pa.)
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Commercial case opionion summary, case decided on February 23,2023, LexisNexis #0423-062
Feb
23
2023
Anderson, In re--Cadle Co. v. Anderson
Ruling:
Defendant was not entitled to discharge as his level of involvement in the business's insurance needs required that he keep and maintain records for insurance purposes or be able to produce such records, which he could not do. (Bankr. D. Conn.)
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Consumer case opionion summary, case decided on February 23,2023, LexisNexis #0423-066
Feb
23
2023
Maidan, In re
Ruling:
Developer lacked standing to object to trustee’s motion to liquidate debtor’s interest in LLC as it was not a creditor and did not hold a membership or direct economic interest in the LLC. (Bankr. E.D.N.Y.)
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Consumer case opionion summary, case decided on February 23,2023, LexisNexis #0423-069
Feb
23
2023
Jackson, In re--Jackson v. GSO Bus. Mgmt., LLC
Ruling:
Fifteen percent across the board reduction in attorney’s billed hours warranted due to vague entries and duplicative billing of tasks not necessitating two attorneys. (Bankr. D. Conn.)
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Consumer case opionion summary, case decided on February 23,2023, LexisNexis #0423-052
Feb
14
2023
Revlon Inc., In re--IMCO CLO 10 Ltd. v. Revlon, Inc.
Ruling:
Debtors' motion to dismiss all claims against them was granted as the creditors lacked standing to assert their claims for equitable relief. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on February 14,2023, LexisNexis #0423-029
Feb
02
2023
Cortlandt Liquidating LLC, In re
Ruling:
Lease rejection damages were properly calculated and statutory cap applied only to damages that were attributable to the fact that the term of the lease had come to an end. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on February 02,2023, LexisNexis #0423-010
Feb
03
2023
Tihi Rest. Corp., In re
Ruling:
Automatic stay lifted for landlord as the debtor had failed to pay post-petition rent for the property in an amount that exceeded the debtor's security deposit. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on February 03,2023, LexisNexis #0423-007
Feb
04
2023
Times Square JV LLC, In re
Ruling:
Preliminary injunction did not render the license agreement non-executory as it did not alter the parties' contractual rights and the outstanding obligations on both sides. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on February 04,2023, LexisNexis #0423-009
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