In re MDC Sys.

Claim based on prepetition breach of lease allowed with exclusion for rents received in mitigation.
Procedural posture: 
Objector, an unsecured creditor of debtor, objected to a $1.071 million proof of claim (POC) filed by claimant LP based on debtor's prepetition breach of a ten-year lease of commercial real property and asked the court to disallow it in its entirety. Alternatively, objector argued that the POC was properly allowed for $196,510 per the "rent cap" in 11 U.S.C.S. § 502(b)(6). LP agreed that the cap applied but disagreed as to the proper amount.
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Commercial case opionion summary, case decided on January 17,2013, LexisNexis #0213-046