- 11 U.S.C.
Celsius Network LLC, In re
Nov
09
2023
Ruling
Settlement valuing a cryptocurrency token satisfied the best interests test for confirmation of aplan of reorganization as the token had only speculative value on the petition date, which wasnot ascertainable from the market price. (Bankr. S.D.N.Y.)
Issue(s)
Confirmation of Plan; Requirements; Impaired Classes; Acceptance or Receipt of
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- 11 U.S.C.
Sec. Inv. Prot. Corp. v. Bernard L. Madoff Inv. Secs. LLC
Nov
03
2023
Ruling
Motion to dismiss avoidance proceeding based on grounds of good faith required a factintensive inquiry not appropriate to resolve at early stage of litigation. (Bankr. S.D.N.Y.)
Issue(s)
Liability of Transferee of Avoided Transfer.
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Genesis Global Holdco, LLC, In re
Oct
06
2023
Ruling
Court approved settlement agreement as it was fair, equitable, and in the best interests of theestate. (Bankr. S.D.N.Y.)
Issue(s)
Compromise and Arbitration.
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- 11 U.S.C.
Securities Investor Prot. Corp. v. Bernard L. Madoff Inv. Secs. LLCl
Oct
04
2023
Ruling
Court denied defendant's motion to amend affirmative defenses to include a defense of setoff.(Bankr. S.D.N.Y.)
Issue(s)
Setoff.
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- 11 U.S.C.
Securities Investor Prot. Corp. v. Bernard L. Madoff Inv. Secs. LLC
Oct
03
2023
Ruling
Liquidation trustee was entitled to seek recovery of subsequent transfers from a partner of theinitial transferee where the recovery from the initial transferee had not been fully satisfied.(Bankr. S.D.N.Y.)
Issue(s)
Liability of Transferee of Avoided Transfer.
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Roman Catholic Diocese of Rockville Ctr., In re
Oct
02
2023
Ruling
Committee of unsecured creditors lacked derivative standing to prosecute a proceeding onbehalf of the bankrutpcy estate to assert violations against several insurers. (Bankr. S.D.N.Y.)
Issue(s)
Right to Be Heard; Parties in Interest.
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Ditech Holding Corp., In re
Sep
29
2023
Ruling
There was no basis for the court to order the U.S. Trustee and/or the Attorney General tointervene on claimant's behalf in proceeding to compel debtor to amend schedules. (Bankr.S.D.N.Y.)
Issue(s)
Intervention.
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Court
:
- 28 U.S.C.
Grupo Aeromexico, In re--Invictus Glob. Mgmt., LLC v. Monomoy Cap. Partners LLC
Sep
22
2023
Ruling
Exculpatory clause in Chapter 11 plan did not bar state law action. (Bankr. S.D.N.Y.)
Issue(s)
Bankruptcy Cases and Proceedings.
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- 11 U.S.C.
Ginn, In re
Sep
18
2023
Ruling
Debtor's filings were not made in good faith as each time he amended his plan he affirmedthat he would make ongoing payments and almost always failed to do so. (Bankr. S.D.N.Y.)
Issue(s)
Modification of Plan After Confirmation.
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- 11 U.S.C.
Parkchester Oral & Maxillofacial Surgery Assocs. PC, In re
Sep
06
2023
Ruling
Appointment of a patient care ombudsman was not required as debtor health care businessdid not have any history of problems with patient care. (Bankr. S.D.N.Y.)
Issue(s)
Appointment of Patient Care Ombudsman; Court Order Where Debtor is in Health
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