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

Pre 2005-Act: 
Pre 2005-Act
Ruling: 
State law action to recover assets of foreign debtors was properly removed as related to a proceeding ancillary to a foreign proceeding.
Procedural posture: 
Plaintiffs filed actions to recover damages that they contended were owed to them pursuant to Illinois state law. Before the court were plaintiffs' challenge to orders of the United States District Court for the Southern District of New York and the Northern District of Illinois, denying their motions for remand and abstention, and granting summary judgment to defendants.
Issue: 
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Commercial case opionion summary, case decided on January 18,2011, LexisNexis #0211-034