In re RNI Wind Down Corp.

Claim by former officer of debtor for attorneys'fees received in SEC investigation was not subject to disallowance.
Procedural posture: 
A former officer of the corporate debtor filed a claim for indemnification and advancement of his defense costs incurred in a civil Securities Exchange Commission ("SEC") action in the Northern District of California, pursuant to debtor's corporate charter and Del. Code Ann. tit. 8, § 145. The plan administrator filed an objection seeking to disallow the claim pursuant to 11 U.S.C. § 502(e)(1)(B), as a contingent claim for reimbursement of debt.
ABI Membership is required to access the full summary of In re RNI Wind Down Corp.. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member