In re Alternate Funds

Ruling: 
Debt based on notes assigned to purchaser of debtor's mining business assets recharacterized as equity investment and subordinated as unsecured claim.
Procedural posture: 
A chapter 11 trustee, objected to a proof of claim submitted by defendant purchasers.
Issue: 
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Commercial case opionion summary, case decided on December 10,2012, LexisNexis #0113-014