Southern District

Sec. Investor Prot. Corp. v. Bernard L. Madoff Inv. Secs. LLC

Ruling: 
Court denied trustee's request that the court certify direct appeal of the judgment to theSecond Circuit. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on May 04,2017, LexisNexis #0717-026

Culture Project, In re--SubCulture, LLC v. Rogers Invs.

Ruling: 
Abstention was warranted as the dispute brought to the court was solely between the sublessee and the lessor and involved only state law issues. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on May 10,2017, LexisNexis #0617-054

Scandia Seafood (New York), Inc., In re

Ruling: 
There was no ground for dismissal of chapter 7 case where court was unable to find that it was in the best interests of th estate, the debtor, or creditors to abstain from hearing the case. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on May 12,2017, LexisNexis #0617-045

Manning, In re

Ruling: 
The court ruled that unless a party in interest objects, a claim filed was deemed allowed. (Bankr. S.D.N.Y.)
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Consumer case opionion summary, case decided on May 09,2017, LexisNexis #0617-036

Canal Asphalt, Inc., In re

Ruling: 
Court held that claim under the "fifth" mortgage note was wholly unsecured and governed by the terms of the debtor's confirmed plan that pertain to unsecured claims. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on May 10,2017, LexisNexis #0617-037

Old Carco LLC, In re--Grimstad v. FCA US LLC

Ruling: 
Pre-sale defect complaint against debtor was not barred by Sale Order. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on April 28,2017, LexisNexis #0517-147

Lyondell Chem. Co., In re--Weisfelner v. Blavatnik

Ruling: 
Trustee could not succeed in fraudulent transfer claim as he was unable to show that the former CEO, or anyone else, intentionally sabotaged the combined company with baseless financial projections. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on April 21,2017, LexisNexis #0517-102

Madoff, In re--Sec. Investor Prot. Corp. v. Bernard L. Madoff Inv. Sec., LLC

Ruling: 
Trustee’s determinations denying customer claims was granted as the claimants failed toqualify as customers as defined in the Securities Investor Protection Act. (Bankr. S.D.N.Y.)
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Consumer case opionion summary, case decided on April 07,2017, LexisNexis #0517-083

Republic Airways Holdings, Inc., In re

Ruling: 
Debtors' substantive consolidation allowed as the debtors operated a single business under asingle business plan. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on April 10,2017, LexisNexis #0517-061

Breitburn Energy LP, In re

Ruling: 
Relief from automatic stay was granted with certain limitations to allow the parties to resolvethe issues relating to the payment of royalties. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on April 14,2017, LexisNexis #0517-063

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