Delaware

Penson Worldwide, In re--Penson Techs. LLC v. Schonfeld Grp. Holdings LLC

Ruling: 
Court had jurisdiction to hear LLC's adversary proceeding as the case was, at its heart, an objection to a proof of claim. (Bankr. D. Del.)
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Commercial case opionion summary, case decided on May 21,2018, LexisNexis #0618-118

Burton, In re

Ruling: 
Value of debtor's vehicle should be the price a retail merchant would charge for property of that kind considering the age and condition of the property as debtor's intended use was personal. (Bankr. D. Del.)
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Consumer case opionion summary, case decided on May 16,2018, LexisNexis #0618-100

RCS Capital Corp., In re--RCS Creditor Trust v. Schulte Roth & Zabel LLP

Ruling: 
Court denied debtor's motion to transfer venue as it had not carried its burden to show thattransfer was appropriate by a preponderance of the evidence. (Bankr. D. Del.)
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Commercial case opionion summary, case decided on May 17,2018, LexisNexis #0618-088

Novapro Holdings, LLC, In re

Ruling: 
Court approved trustee's proposed settlement where trustee met his burden of persuasion toshow that the settlement amount was above the lowest point in the range of reasonablelitigation outcomes. (Bankr. D. Del.)
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Commercial case opionion summary, case decided on May 04,2018, LexisNexis #0618-030

BMT-NW Acquisition, LLC, In re--Stanziale v. Brown-Minneapolis Tank ULC, LLC

Ruling: 
Motion to dismiss fraudulent transfer claim denied in part as trustee pled sufficient facts toshow that debtor received less than reasonably equivalent value for the transfers. (Bankr. D.Del.)
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Commercial case opionion summary, case decided on April 10,2018, LexisNexis #0518-077

JMO Wind Down, Inc., In re

Ruling: 
Relief granted where court found that claims are derivative and belong to the liquidatingtrust. (Bankr. D. Del.)
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Commercial case opionion summary, case decided on April 13,2018, LexisNexis #0518-064

NewPage Corp., In re--PIRINATE Consulting Grp., LLC v. ERCO Worldwide

Ruling: 
Litigation trustee was entitled to avoid a debtor's pre-petition transfer to defendant where contract had expired before the effective date and could not have been assumed by the debtor. (Bankr. D. Del.)
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Commercial case opionion summary, case decided on April 03,2018, LexisNexis #0518-047

Chaparral Energy, Inc., In re

Ruling: 
Reorganized debtors' objection to class action proof of claim was granted. (Bankr. D. Del.)
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Commercial case opionion summary, case decided on February 09,2018, LexisNexis #0418-030

Thane Int'l, Inc., In re--Stanley Jacobs Prod., Ltd. v. 9472541 Can. Inc.

Ruling: 
Executory contract that was neither affirmatively assumed nor rejected was not included andassigned in sale transaction. (Bankr. D. Del.)
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Commercial case opionion summary, case decided on February 21,2018, LexisNexis #0418-009

TK Holdings Inc., In re--TK Holdings Inc. v. Hawai'i

Ruling: 
Court ruled that claims brought by the States may be discharged by operation of a confirmed plan of reorganization where debtors' fraud was perpetrated against consumers, not the States. (Bankr. D. Del.)
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Commercial case opionion summary, case decided on February 14,2018, LexisNexis #0318-112

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