Parmalat Capital Fin. Ltd. v. Bank of Am. Corp.

Feb

2012

28 U.S.C.

Pre 2005-Act:

Pre 2005-Act

Ruling:

District court erred in not exercising mandatory abstention to remand case with complex state law issues.

Procedural posture:

Plaintiffs appealed from the judgments of the United States District Court for the Southern District of New York, dismissing their claims against the defendants after determining, pursuant to the mandate of the court, that mandatory abstention under 28 U.S.C.S. § 1334(c)(2) was not required in these bankruptcy-related cases.

Issue:

ABI Membership is required to access the full summary of Parmalat Capital Fin. Ltd. v. Bank of Am. Corp.. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member

Court: 2nd Circuit ( ) [ Circuit Court ]

Commercial case opionion summary, case decided on February 21,2012, LexisNexis #0312-070