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2009 NORTON BANKRUPTCY LAW SEMINAR MATERIALS

2009 Chapter 11 Recent Developments (Part III)

By Hon. Leif M. Clark

TABLE OF CONTENTS

I. ESTATE ADMINISTRATION 1
A. Automatic Stay 1
Lyondell Chemical Co., et. al. v. Centerpoint Energy Gas Services, Inc., et. al. (In re Lyondell Chemical Co., et. al.), 402 B.R. 571 (Bankr. S.D.N.Y. 2009) 2
In re Lyondell Chemical Co., 2009 WL 922487 (Bankr. S.D.N.Y. Mar. 18, 2009) 3
B. Sales 4
Saudi American Bank v. Shaw Group, Inc. (In re Stone & Webster, Inc.), 2009 WL 440917 (3rd Cir. Feb. 24, 2009) 4
DB Structured Products, Inc. v. American Home Mortgage Holdings, Inc. (In re American Home Mortgage Holdings, Inc.), 2009 WL 653653 (Bankr. D. Del. Mar. 13, 2009) 4
C. Executory Contracts and Unexpired Leases 6
In re Pilgrimıs Pride Corporation, et. al., 403 B.R. 413 (Bankr. N.D. Tex. 2009) 6
In re Ernie Haire Ford, Inc., 2009 WL 931528 (Bankr. M.D. Fla. Apr. 8, 2009) 8
D. Employment of Professionals, Fees, and Sanctions 9
Official Committee of Unsecured Creditors v. Harris (In re Southwest Food Distribs, LLC), 2009 WL 839010 (10th Cir. Mar. 31, 2009) 9
Borrego Springs Bank, N.A. v. Skuna River Lumber, LLC (In re Skuna River Lumber, LLC), 2009 WL 765885 (5th Cir. Mar. 25, 2009) 10
Felt Manufacturing Co., Inc. v. CapitalSource Finance, LLC (In re Felt Manufacturing Co., Inc.), 2009 WL 712481 (Bankr. N.H. Mar. 17, 2009) 11
E. Other Issues 12
In re North Bay General Hospital, Inc., 2009 WL 689720 (Bankr. S.D. Tex. Mar. 4, 2009) 12
Keltic Financial Partners, LP v. Foreside Management Company, LLC (In re Foreside Management Company, LLC), 2009 WL 618030 (1st Cir. BAP Mar. 11, 2009) 13
II. PROPERTY OF THE ESTATE 14
A. Avoidance / Preference Actions 14
Hutson v. E.I. du Pont de Nemours and Co. Inc., et. al. (In re Natıl Gas Distribs., LLC), 2009 WL 325436 (4th Cir. Feb. 11, 2009) 14
Contemporary Industries Corp., et. al. v. Frost, et. al. (In re Contemporary Industries Corp.), 2009 WL 1159174 (8th Cir. Apr. 29, 2009) 16
B. Other Issues 17
Ampıd Mobile, Inc. v. Adderton (In re Ampıd Mobile, Inc.), 2009 WL 1025952 (Bankr. D. Del. Apr. 16, 2009) 17
III. CLAIMS 18
A. Administrative Expenses and Priority Claims 18
McMillan v. LTV Steel, Inc., 555 F.3d 218 (6th Cir. 2009) 18
Goodyıs Family Clothing, Inc. v. Mountaineer Property Co. II, L.L.C., et. al. (In re Goodyıs Family Clothing, Inc.), 401 B.R. 656 (D. Del. 2009) 19
B. Proof of Claim: Allowance, Disallowance and Amendments 20
U.S. Bank National Association, Trustee v. U.S. Environmental Protection Agency, 2009 WL 1034974 (6th Cir. Apr. 20, 2009) 20
In re Oneida Ltd., 2009 WL 290412 (Bankr. S.D.N.Y. Feb. 6, 2009) 21
In re Will Clay Perry, 2009 WL 1065129 (Bankr. S.D. Tex. Apr. 21, 2009) 22
C. Derivative Claims 23
In re LTV Steel Co., Inc., 560 F.3d 449 (6th Cir. 2009) 23
D. Unsecured Claims 24
Pension Benefit Guaranty Corp. v. Oneida Ltd., 562 F.3d 154 (2d Cir. 2009) 24
E. Valuation, Estimation, and Other Issues 25
Lindsay v. Covenant Management Group, LLC, 561 F.3d 601 (6th Cir. 2009) 25
In re High Voltage Engineering Corp., 2009 WL 987502 (D. Mass. Apr. 14, 2009) 26
IV. PLAN CONFIRMATION 27
A. Settlement and Releases 27
In re American Prairie Construction Co. v. Hoich, et. al., 2009 WL 749816 (8th Cir. Mar. 24, 2009) 27
B. Other Issues 31
Certain Underwriters at Lloydıs London, et. al. v. Federal-Mogul Global, Inc. et. al. (In re Federal-Mogul Global, Inc. et. al.), 2009 WL 756971 (D. Del. Mar. 24, 2009) 31
V. POST-CONFIRMATION 31
A. Jurisdiction and Standing 31
Bridge Assocs. v. Stockstill, et. al. (In re The Torch Liquidating Trust), 2009 WL 456418 (5th Cir., Feb. 23, 2009) 31
In re C and M Properties, LLC v. Burbidge, et. al. (In re C and M Properties), 2009 WL 1152189 (10th Cir. Apr. 30, 2009) 32
B. Effect and Enforcement of Confirmation 33
In re Worldcom, Inc., 2009 WL 481650 (Bankr. S.D.N.Y. Feb. 26, 2009) 33
VI. PROCEDURAL AND MISCELLANEOUS ISSUES 34
A. Reconsideration, Relief from Judgment 34
In re Bartle, 2009 WL 818943 (7th Cir. Mar. 31, 2009) 34
B. Foreign Proceedings 35
In re Betcorp Ltd., 2009 WL 606437 (Bankr. D. Nev. Feb. 9, 2009) 35

 

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