- 11 U.S.C.
Celsius Network LLC, In re
Nov
09
2023
Ruling
Settlement valuing a cryptocurrency token satisfied the best interests test for confirmation of aplan of reorganization as the token had only speculative value on the petition date, which wasnot ascertainable from the market price. (Bankr. S.D.N.Y.)
Issue(s)
Confirmation of Plan; Requirements; Impaired Classes; Acceptance or Receipt of
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Roman Catholic Diocese of Rockville Ctr., In re
Oct
02
2023
Ruling
Committee of unsecured creditors lacked derivative standing to prosecute a proceeding onbehalf of the bankrutpcy estate to assert violations against several insurers. (Bankr. S.D.N.Y.)
Issue(s)
Right to Be Heard; Parties in Interest.
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- 11 U.S.C.
Roman Cath. Diocese of Rockville Ctr., In re
Jul
18
2023
Ruling
Dismissal of debtor diocese’s Chapter 11 case denied given reasonable possibility that anamended plan would gain sufficient creditor support for approval. (Bankr. S.D.N.Y.)
Issue(s)
Conversion or Dismissal; Involuntary Conversion or Dismissal; What Constitutes
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- 11 U.S.C.
Roman Cath. Diocese of Rockville Ctr., In re
Jun
02
2023
Ruling
Conclusory allegations of control of institutions by debtor diocese were insufficient to establish the existence of either an agency relationship or an employment relationship to support a claim. (Bankr. S.D.N.Y.)
Issue(s)
Allowance of Claims or Interests; Disallowance; Unenforceable Claim.
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Roman Cath. Diocese of Rockville Ctr., In re
May
26
2023
Ruling
Objections to claims based on sexual abuse occurring under predecessor of debtor diocese were sustained in part as the creditors failed to allege successor liability. (Bankr. S.D.N.Y.)
Issue(s)
Allowance of Claims or Interests; Objections.
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SVB Fin. Grp., In re
May
22
2023
Ruling
Stay lifted to allow directors and officers to access proceeds of D&O policies to fund their defenses in covered actions. (Bankr. S.D.N.Y.)
Issue(s)
Automatic Stay; Relief from Stay.
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- 11 U.S.C.
SVB Fin. Grp., In re
May
17
2023
Ruling
FDIC as receiver was not entitled to establish an escrow account to hold tax refunds and other monies payable to a consolidated tax group that included the debtor as amount owed to FDIC was not clear. (Bankr. S.D.N.Y.)
Issue(s)
Property of the Estate.
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Avianca Holdings S.A., In re
Jan
27
2023
Ruling
Foreign creditors sanctioned for violating the discharge injunction by failing to discontinuetheir foreign actions. (Bankr. S.D.N.Y.)
Issue(s)
Power of Court; Issuance of Necessary or Appropriate Order, Process, or Judgment.
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- 11 U.S.C.
Celsius Network LLC, In re
Jan
04
2023
Ruling
Stablecoin cryptocurrency was property of the estate and could be sold by debtors outside ofthe ordinary course of business to provide liquidity. (Bankr. S.D.N.Y.)
Issue(s)
Use, Sale, or Lease of Property.
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Roman Catholic Diocese of Rockville Ctr., In re
Dec
09
2022
Ruling
Court authorized debtor to opt-in to treatment as a Participating Chartered Organization underthe Chapter 11 plan as a reasonable and appropriate use of property outside of the ordinarycourse of business. (Bankr. S.D.N.Y.)
Issue(s)
Compromise and Arbitration.
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