Creditor’s appeal of bankruptcy court approval of Chapter 11 debtor’s settlement with remaining creditors and sale of debtor’s primary asset nunc pro tunc, dismissed as moot. Objecting creditor did not obtain a stay of the sale order and the sale of the debtor’s primary asset had been completed. The District Court on appeal had no authority to unwind completed sale to the detriment of the consenting creditors.
Download PDF In re RS Old MillMcKay v. Longman
on December 25th, 2021
Supreme Court of Connecticut affirmed the trail court’s decision denying plaintiff’s claims to vacate the insured’s mortgage recorded prior to the filing of plaintiff’s lis pendens. Supreme Court rejected claims the insured was not a bone fide encumbrancer for value and that plaintiff was entitled to “reverse pierce” the corporate veil of the insured borrower to gain priority.
Download PDF McKay v. LongmanStillwater Liquidating LLc v. Net Five
on December 25th, 2021
Dismissal of liquidating trustee’s claims to vacate foreclosure sales occurring in the State of Georgia as fraudulent transfers, affirmed by the Second Circuit. The firm successfully defended the foreclosure sales against the trustee’s claims.