In re Reading Broadcasting Inc.
Jul
08
2008
Ruling
Creditor's claim allowed only to extent of damages specifically awarded by state court for breach of time brokerage agreement and prejudgment interest.
Procedural posture
A creditor submitted a general unsecured claim against the estate of a bankruptcy debtor, a closely held corporation which operated a television station, consisting of damages for the debtor's breaches of time brokerage and stock option agreements, plus prejudgment interest. The bankruptcy trustee objected to the claim with regard to damages based on breach of the stock option agreement and interest.
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Court
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