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Official Comm. of Unsecured Creditors of Quebecor World (U.S.A) Inc. v. Am. Life Ins. Co. (In re Quebecor World (U.S.A.) Inc.)

Jun
10
2013
Ruling
Payments pursuant to note purchase agreements were within the safe harbor for transfers made in connection with a securities contract
Procedural posture

Appellant committee of unsecured creditors sought to avoid and recover certain payments made by a debtor to appellee noteholders in exchange for private placement notes that had been issued by one of the debtor's affiliates. The bankruptcy court granted the noteholders' motion for summary judgment. The United States District Court for the Southern District of New York affirmed the bankruptcy court's order. The committee appealed.

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on June 10, 2013 , LexisNexis #0713-022
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