In re Texas Rangers Baseball Partners

Financial advisor's claim under agreement for payment upon sale of baseball club within specified period allowed despite rejection of agreement.
Procedural posture: 
Debtor baseball club filed a petition under chapter 11, and an LLC filed a claim against the debtor's bankruptcy estate. An individual who was appointed to administer the debtor's bankruptcy plan and a bank filed objections to the LLC's claim. The court held hearings on the LLC's claim and the objections.
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Commercial case opionion summary, case decided on September 25,2012, LexisNexis #1012-089