Commercial

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

Florence Hosp. at Anthem, LLC, In re

Ruling: 
Application for allowance of administrative claim denied as claimant failed to prove at least four elements of fraud in alleging fraud in the sale process. (Bankr. D. Ariz.)
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Commercial case opionion summary, case decided on April 26,2018, LexisNexis #0618-099

Sea Haw. Rafting, LLC, In re

Ruling: 
Abandonment of a vessel owned by debtor was approved as it had become burdensome to the estate since whoever owned it would be drawn into maritime litigation. (Bankr. D. Haw.)
Court: Judge or Jurisdiction information not available
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Commercial case opionion summary, case decided on May 21,2018, LexisNexis #0618-109

Bronx Miracle Gospel Tabernacle Word of Faith Ministries, In re

Ruling: 
Trustee's motion to dismiss debtor's case was granted where debtor's monthly operating reports show that debtor had sustained additional losses since it declared bankruptcy. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on May 23,2018, LexisNexis #0618-110

MobileDirect, Inc., In re

Ruling: 
Chapter 11 bankruptcy case was dismissed as the debtor acted in a manner inconsistent with its confirmed plan. (Bankr. D. Mont.)
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Commercial case opionion summary, case decided on May 24,2018, LexisNexis #0618-111

C.W. Mining Co., In re

Ruling: 
Court confirmed liquidation plan as it complied with applicable provisions of the bankruptcy code and trustee proposed the plan in good faith. (Bankr. D. Utah)
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Commercial case opionion summary, case decided on May 17,2018, LexisNexis #0618-112

Franchise Servs. of N. Am., In re--Franchise Servs. of N. Am. v. United States Trs.

Ruling: 
Federal bankruptcy law does not prevent a bona fide equity holder from exercising its voting rights to prevent a corporation from filing a voluntary bankruptcy petition just because it also holds a debt owed by the corporation and owes no fiduciary duty to the corporation or its fellow shareholders. (5th Cir.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on May 22,2018, LexisNexis #0618-091

Archdiocese of St. Paul & Minneapolis, In re--Official Comm. of Unsecured Creditors v. Archdiocese of St. Paul & Minneapolis

Ruling: 
Targeted entities could not be involuntarily substantively consolidated with debtor after committee failed to allege sufficient facts to negate non-profit non-debtor status of the targeted entities. (8th Cir.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on April 26,2018, LexisNexis #0618-092

Fin. Oversight & Mgmt. Bd., In re

Ruling: 
Relief from automatic stay denied where relief from stay to continue a lawsuit would not serve the interests of judicial economy or the economical resolution of movants' claims. (D.P.R.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on January 04,2018, LexisNexis #0618-095

David X. Manners Co., In re

Ruling: 
Debtor was entitled to limited stay relief in order to allow debtor to seek to reduce a jury verdict to a final judgment in a state court action. (Bankr. D. Conn.)
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Commercial case opionion summary, case decided on April 26,2018, LexisNexis #0618-096

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