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LightSquared Inc. v. Deere & Co.

Jan
31
2014
Ruling
Reference of state law contract and tort law claims withdrawn.
Issue(s)
Should reference of state law contract and tort claims against debtor be withdrawn?

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Commercial opinion summary, case decided on January 31, 2014 , LexisNexis #0714-030
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Northwestern Mutual Life Ins. Co. v. Delta Air Lines Inc. (In re Delta Air Lines Inc.)

Sep
29
2008
Ruling
Bankruptcy court properly upheld debtor's objections to claims for payment under tax indemnification agreements where plan provision for payment with stock of reorganized debtor was forseeable.
Procedural posture

Appellee debtor, an airline, filed a petition under chapter 11 of the Bankruptcy Code, and appellant claimants filed claims seeking payment of approximately $ 1 billion based on tax indemnification agreements (TIAs) the debtor and the claimants entered. The Bankruptcy Court for the Southern District of New York upheld the debtor's objections to the claims, and the parties filed cross-appeals.

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Commercial opinion summary, case decided on September 29, 2008 , LexisNexis #1108-031
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Masonic Hall & Asylum Fund v. Official Comm. of Unsecured Creditors (In re Refco Inc.)

Nov
26
2006
Ruling
Investors were not parties in interest and lacked standing to object to settlement between investment fund and creditors'committee.
Procedural posture

Appellants, investors in appellee fund, sought review of final orders of the bankruptcy court settling an adversary proceeding between the fund and appellee creditors committee. The bankruptcy court's orders (1) approved a settlement resolving the committee's efforts to recover amounts the fund withdrew from appellee debtors, and (2) quashed subpoenas issued on behalf of the investors.

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opinion summary, case decided on November 26, 2006 , LexisNexis #0107-026
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