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In re Currency Mgmt. Co. Ltd.

In re Currency Mgmt. Co. Ltd.

Ruling
Debtor's attorney sanctioned for filing case in bad faith solely to contest creditor's claim with evidence barred in state court.
Procedural posture

A creditor moved for sanctions against counsel for a bankruptcy debtor pursuant to Fed. R. Bankr. P. 9011(b) based on the filing of allegedly false proofs of claim by counsel, and based on the filing of the bankruptcy in an alleged attempt to relitigate issues determined in a pending state-court action for breach of contract.

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Commercial opinion summary, case decided on September 03, 2010 , LexisNexis #1010-133