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In re Copperfield Invs. LLC

Ruling: 
Corporation denied derivative standing to bring adversary proceeding on behalf of estate.
Procedural posture: 
A corporation filed a motion seeking authority to commence an adversary proceeding on behalf of a bankruptcy estate of a chapter 11 debtor to recover allegedly fraudulent conveyances from third parties and to assert claims of breach of fiduciary duty, conversion, and unjust enrichment. The corporation's motion was opposed by the plan administrator and others.
Issue: 
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Commercial case opionion summary, case decided on January 08,2010, LexisNexis #0210-020