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SVB Fin. Grp., In re--First Citizen Bank & Trust Co. v. SVB Fin. Grp.

Ruling
Bankruptcy court exercised permissive abstention regarding post-confirmation intellectual property dispute between debtor’s parent and purchaser of debtor’s assets. (Bankr. S.D.N.Y.)
Issue(s)
Bankruptcy Cases and Proceedings.

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Commercial opinion summary, case decided on June 25, 2025 , LexisNexis #0825-097

Monplaisir, In re

Ruling
Court denied motion to sever and convert as debtor’s unsecured debts exceeded Chapter 13 eligibility limit. (Bankr. S.D.N.Y.)
Issue(s)
Who May Be a Debtor; Chapter 13.

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Consumer opinion summary, case decided on June 16, 2025 , LexisNexis #0825-052

GOL Linhas Aéreas Inteligentes S.A., In re

Ruling
The Purdue Pharma and Energy Resources decisions allow for consensual third- party releases to be included in a Chapter 11 plan. (Bankr. S.D.N.Y.)
Issue(s)
Contents of Plan; Discretionary Provisions; Other Appropriate Provisions.

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Commercial opinion summary, case decided on May 22, 2025 , LexisNexis #0725-094

Celsius Network LLC, In re--Meghji v. Bailey

Ruling
Counterclaims filed by “unknown” creditor discharged under the confirmed Chapter 11 plan as publication notice was sufficient and the creditor failed to file a timely proof of claim. (Bankr. S.D.N.Y.)
Issue(s)
Effect of Confirmation; Discharge.

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Commercial opinion summary, case decided on May 15, 2025 , LexisNexis #0725-071

Mulberry Dev., LLC, In re

Ruling
Dismissal served the interests of both the debtor and creditors as the debtor showed no intent to fulfill its obligations and creditors could pursue claims outside of bankruptcy without further delay. (Bankr. S.D.N.Y.)
Issue(s)
Dismissal of a Case or Conversion to a Case Under Chapter 11 or 13; For Cause.

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Commercial opinion summary, case decided on February 28, 2025 , LexisNexis #0525-018

Grover, In re--Busche v. Grover

Ruling
Court found that the state court judgment did not actually decide the issue of fraud against debtor which is a necessary element for collateral estoppel to apply in a nondischargeability proceeding. (Bankr. S.D.N.Y.)
Issue(s)
Exceptions to Discharge.

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Consumer opinion summary, case decided on February 26, 2025 , LexisNexis #0425-086

Weiss Multi-Strategy Advisers LLC, In re

Ruling
Debtors articulated a sound business justification for the sale of Portuguese bonds. (Bankr. S.D.N.Y.)
Issue(s)
Use, Sale, or Lease of Property; Notice and Hearing.

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Commercial opinion summary, case decided on November 26, 2024 , LexisNexis #0225-005

Celsius Network LLC, In re--Barber Lake Dev. LLC v. Priority Power Mgmt., LLC

Ruling
Proceeding seeking turnover of equitable interest in facility and proceeds denied where the action was dependent on an unjust enrichment claim that was not viable under state law. (Bankr. S.D.N.Y.)
Issue(s)
Turnover of Property to the Estate; Delivery of Property to Trustee.

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Commercial opinion summary, case decided on September 25, 2024 , LexisNexis #1224-008

Weiss Multi-Strategy Advisers LLC, In re--GWA, LLC v. Jefferies Strategic Invs., LLC

Ruling
Court denied avoidance of forbearance agreement in its entirety where debtors agreed the transactions provided reasonably equivalent value. (Bankr. S.D.N.Y.)
Issue(s)
Fraudulent Transfers and Obligations; Elements of Fraudulent Transfers; Avoidable Transfers; Transfers Presumed Fraudulent.

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Commercial opinion summary, case decided on September 24, 2024 , LexisNexis #1224-011

SVB Fin. Grp., In re

Ruling
Court held petitioner's right to assert defensive setoff against potential liability to debtorwould be preserved despite plan confirmation. (Bankr. S.D.N.Y.)
Issue(s)
Setoff; Preservation of Creditor's Right to Offset Mutual Debt.

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Consumer opinion summary, case decided on August 02, 2024 , LexisNexis #1024-016