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Comtel Telcom Assets LP v. Alvarez & Marsal Inc.

Comtel Telcom Assets LP v. Alvarez & Marsal Inc.

Ruling
Action by purchasers of debtor's assets against restructuring officers for mismanagement referred to bankruptcy court as a core proceeding.
Procedural posture

Plaintiff purchaser of a bankruptcy estate's assets sued defendant restructuring officers, alleging that they mismanaged and failed to preserve the debtor's assets during the period between the court's approval of the sale and the final closing. The officers moved to refer the case to the bankruptcy court.

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Commercial opinion summary, case decided on August 05, 2009 , LexisNexis #0909-059