Search Opinion

In re Brown Publg Co.

A liquidating trust that was created under a bankruptcy plan the court approved after a publishing company, a media holding company, and affiliated businesses ("debtors") declared chapter 11 bankruptcy filed an adversary proceeding against the debtors' former officers, directors, shareholders, and affiliates. The debtors' former CEO sought an order that disqualified a law firm from serving as counsel to the liquidating trust.
Ruling: 
Law firm disqualified from representing debtor due to failure to adequately disclose conflict of interest.
ABI Membership is required to access the full summary of In re Brown Publg Co.. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on April 29,2013, LexisNexis #0513-099

In re Universal Bldg. Prods.

The Official Unsecured Creditors' Committee filed applications to retain two law firms as counsel. Those applications were opposed by the United States trustee and the debtors, who asserted that the law firms engaged in improper conduct through the use of a third party to contact unrepresented, mostly Asian, creditors, to induce them to vote for the law firms' employment.
Ruling: 
Applications by official committee of unsecured creditors to retain two law firms denied due to improper conduct in seeking retention.
ABI Membership is required to access the full summary of In re Universal Bldg. Prods.. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on November 04,2010, LexisNexis #1210-033

In re Sonicblue Inc.

Bankruptcy debtors'counsel issued a prepetition opinion letter assuring payment to certain of the debtors'senior bondholders who effectively controlled the creditors'committee in the debtors'bankruptcy. After disclosure of the opinion letter, the U.S. Trustee moved to disqualify the debtors'counsel and to appoint a chapter 11 trustee, and a claims trader which acquired claims against the estate moved to convert the case to chapter 7.
Ruling: 
Debtor's counsel disqualified for failure to disclose connection to senior bondholders who controlled creditors'committee.
ABI Membership is required to access the full summary of In re Sonicblue Inc.. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member