In re Crescent Res. LLC
Jul
22
2011
Ruling
Debtor's law firm ordered to turn over files relating to transaction with former parent company that allegedly rendered debtor insolvent.
Procedural posture
A litigation trust under bankruptcy debtors' plan sought to obtain client files of a law firm which allegedly represented the debtors before, during, and after a transaction in which the debtors borrowed money which was then transferred to the former parent company of the debtors from a new entity in exchange for the parent's equity interests in the debtors. The trust moved for turnover of the client files pursuant to 11 U.S.C.S. § 542(e).
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Court
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