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Margaret B. McGimsey Trust v. USA Capital Diversified Trust Deed Fund LLC (In re Consumer USA Comml Mtg. Corp.)

Ruling
Proofs of claim for breach of contract and fraud relating to purchase of memebrship interests in debtor subordinated to those of equity holders.
Procedural posture

Appellant members sought review of a decision of the Bankruptcy Court for the District of Nevada, which sustained the objection of appellee committee and disallowed the members' proofs of claim for breach of contract and fraud relating to their purchase of their membership interests in the debtor.

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on August 15, 2007 , LexisNexis #1207-006