Commercial

Fin. Oversight & Mgmt. Bd., In re--Assured Guar. Corp. v. Fin. Oversight & Mgmt. Bd.

Ruling: 
Puerto Rico Oversight, Management, and Economic Stability Act Title III court did not abuseits discretion in denying insurers relief from stay to pursue their claims in another forum. (1stCir.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on March 03,2021, LexisNexis #0421-028

Nat'l Fish & Seafood, Inc., In re

Ruling: 
Former officers and directors of debtor granted relief from stay to permit distribution ofproceeds of D&O policy to cover defense costs. (Bankr. D. Mass.)
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Commercial case opionion summary, case decided on February 26,2021, LexisNexis #0421-029

Live Primary, LLC, In re

Ruling: 
Proof of claim disallowed because creditor received an avoidable transfer within 90 days ofthe petition date, which it had not repaid. (Bankr. S.D.N.Y.)
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Commercial case opionion summary, case decided on March 01,2021, LexisNexis #0421-032

Cella III, LLC, In re

Ruling: 
Landlord was not entitled to recover attorney's fees as neither party was in default as requiredby the parties’ lease. (Bankr. E.D. La.)
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Commercial case opionion summary, case decided on March 02,2021, LexisNexis #0421-033

Concepts Am., Inc., In re

Ruling: 
Creditor who claimed to have made a substantial contribution in Chapter 7 case was notentitled to an administrative expense priority claim. (Bankr. N.D. Ill.)
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Commercial case opionion summary, case decided on March 02,2021, LexisNexis #0421-034

Rochester Drug Co-Operative, Inc., In re

Ruling: 
Debtor's Chapter 11 plan was confirmed as it satisfied the requirements for confirmation,feasible, and in the best interests of creditors. (Bankr. W.D.N.Y.)
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Commercial case opionion summary, case decided on February 26,2021, LexisNexis #0421-016

R&R Trucking, Inc., In re

Ruling: 
Chapter 11 could be confirmed as it satisfied the requirements in that each holder of a claim orinterest had accepted the plan or would receive an amount not less than the amount that suchholder would receive under Chapter 7. (Bankr. E.D. Wash.)
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Commercial case opionion summary, case decided on February 23,2021, LexisNexis #0421-017

Foxwood Hills Prop. Owners Ass'n, In re--Foxwood Hills Prop. Owners Ass'n v. 783-C, LLC

Ruling: 
Debtor property owners association's claims against owners were related to the bankruptcycase. (Bankr. D.S.C.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on January 20,2021, LexisNexis #0421-020

JMO Wind-Down, Inc., In re--JMO Wind Down Liquidating Trust v. Mattes

Ruling: 
Default judgment was warranted as a sanction where creditor intentionally concealed ordestroyed evidence and the trust was severely prejudiced by this conduct. (Bankr. D. Del.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on February 17,2021, LexisNexis #0421-021

Grinding Specialists, LLC, In re

Ruling: 
Employment of local counsel was granted because it was essential and in the best interests ofthe estate. (Bankr. D.S.C.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on February 03,2021, LexisNexis #0421-001

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