The firm's unsecured creditors' committee says it will investigate the actions of JPMorgan Chase and other lenders and bondholders ahead of the its collapse last month.
In re Stancil (Bankr. D. D.C.)
OPINION – Debtor and his mother filed a joint bankruptcy petition. Only spouses are allowed to file jointly, so a creditor who foreclosed during the automatic stay argued that there was no stay because there was no valid petition. However, the joint petition showed intent for each to file as of that date. A stay arose as to debtor on the date of filing the (later separated) joint petition.
In re South Side House LLC (Bankr. E.D.N.Y.)
OPINION – In this single asset real estate case, the post-petition rent payments are adjudged to be the property of the estate and constitute the lender’s cash collateral. Monthly payments to the lender will apply to the non-secured portion of the claim until that balance is zero, then apply to post-petition interest and fees allowed under 11 U.S.C. 506(b).
In re Spagnola (Bankr. S.D.N.Y.)
MEMORANDUM - Debtor was not allowed to discharge judgment against him for sexual harassment; an individual debtor may not receive a discharge from any debt for willful and malicious injury by the debtor.
Kodak says Apple wrongly claims to own 10 patents arising from work that the companies did together in the early 1990s.
Judge Martin Glenn said that an investigation is warranted "given the facts and circumstances" of the case.
U.S. Judge Reggie Walton closed the case, after the creditors said Geithner had on April 30 provided written answers to their questions about a dispute with JPMorgan.
A judge signed a consent order terminating three employee pension funds, which were underfunded by $80 million and covered 1,800 former Dewey employees.
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