§ 365

Financial Oversight & Mgmt. Bd. v. Fin. Oversight & Mgmt. Bd.

Ruling: 
The Board's motion to assume long-term power supply contracts on behalf of the Puerto RicoElectric Power Authority granted over union's and power company's contentions that therenegotiated contracts were brand new contracts that, as such, could not be assumed. (1st Cir.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on August 12,2021, LexisNexis #0921-085

Interlogic Outsourcing, Inc., In re--OneSource Virtual, Inc. v. Interlogic Outsourcing, Inc.

Ruling: 
Defendant's second abstention motion was granted because of the predominant role Indianalaw would play in interpreting the transfer agreement involved in the adversary proceeding.(Bankr. W.D. Mich.)
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Commercial case opionion summary, case decided on July 30,2021, LexisNexis #0921-032

AJRANC Ins. Agency, Inc., In re

Ruling: 
Debtor could not have assumed franchise agreement that it could not assign under federaltrademark law. (Bankr. M.D. Fla.)
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Commercial case opionion summary, case decided on July 02,2021, LexisNexis #0821-057

Dura Auto. Sys., LLC, In re

Ruling: 
Creditor's motion to compel cure payment under theory of implied assumption was deniedbecause creditor had not made the required motion to assume an executory contract. (Bankr. D.Del.)
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Commercial case opionion summary, case decided on June 16,2021, LexisNexis #0821-007

Skyline Ridge, LLC, In re

Ruling: 
Creditor granted an administrative expense claim because it provided a confirmable plan ofreorganization and a settlement that was a funding source for the plan. (Bankr. D. Ariz.)
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Commercial case opionion summary, case decided on June 14,2021, LexisNexis #0821-008

Sanchez Energy Corp., In re--Occidental Petro. Corp. v. Sanchez Energy Corp.

Ruling: 
Debtor's rejection of executory development agreements was approved as a reasonableexercise of its business judgment. (Bankr. S.D. Tex.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on May 06,2021, LexisNexis #0621-054

Cornerstone Valve LLC, In re

Ruling: 
Claim that was not for rejection damages and was filed after the bar date for general claimsbut before the bar date for rejection damages claims was not timely filed. (Bankr. S.D. Tex.)
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Commercial case opionion summary, case decided on April 27,2021, LexisNexis #0621-029

Bennett Enters., In re

Ruling: 
Debtor's motion to reject a sale contract as executory was denied due to effect of subsequentstate court order. (Bankr. D.N.J.)
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Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on March 16,2021, LexisNexis #0421-081

Interlogic Outsourcing, Inc., In re--OneSource Virtual, Inc. v. Interlogic Outsourcing, Inc.

Ruling: 
Bankruptcy court had jurisdiction over an adversary proceeding brought by a softwarecompany against the debtor and the purchaser of the debtor's business, pursuant to theexecutory contract provisions of the Bankruptcy Code. (Bankr. W.D. Mich.)
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Commercial case opionion summary, case decided on March 09,2021, LexisNexis #0421-060

Ganske, In re

Ruling: 
Debtors could not assume contract that was properly terminated before debtors' bankruptcywas filed. (Bankr. E.D. Wis.)
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Consumer case opionion summary, case decided on March 05,2021, LexisNexis #0421-059

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