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SEC, et al v. Stanford International Bank, et a

Summarizing by Paul Stewart

Pyfer v. American Management Services, Inc. (In re National Pool Construction, Inc.)

Citation:
Case No. 14-1257 (3d Cir. April 2, 2015) (NOT PRECEDENTIAL)
Ruling:
Grant of summary judgment in favor of defendant is affirmed. Under New Jersey's Uniform Fraudulent Transfer Act (UFTA), trustee must demonstrate that debtor did not receive "reasonably equivalent...
Judge(s):
Barry (author); Rendell; Fuentes
Tag(s):

Official Committee of Unsecured Creditors v. Baldwin

Citation:
Official Comm. of Unsecured Creditors v. Baldwin (In re Lemington Home for the Aged), Case No. 13-2707 (3d Cir. Feb. 23, 2015)
Ruling:
Petition for rehearing by the merits panel and the Third Circuit Court of Appeals, en banc, is denied. In a separate opinion concurring in the denial of the petition for rehearing, four Circuit...
Judge(s):
McKee, Chief Judge; Rendell; Ambro; Fuentes; Smith; Fisher; Chagares; Jordan; Hardiman; Greenaway, Jr.; Vanaskie; Shwartz and Krause; Jordan (concurring, joined by Rendell, Ambro and Krause)
Tag(s):

SCH Corp. v. CFI Class Action Claimants

Citation:
In re SCH Corp., No. 14-2888, 2015 WL 756552 (3d Cir. Feb. 24, 2015)
Ruling:
The Third Circuit ruled that a purported settlement negotiated by the Responsible Officer with the plan funder, which added three years to a five-year plan (effectively making it an eight-year...
Judge(s):
This case was heard before Circuit Judges Cowen, Vanaskie, and Greenberg. The Opinion was authored by Judge Cowen. It was noted that this is not an opinion of the full court and pursuant to I.O.P. 5.7, does not constitute binding precedent.
Tag(s):

Official Committee of Unsecured Creditors v. Baldwin

Citation:
Official Committee of Unsecured Creditors v. Baldwin (In re Lemington Home for the Aged), Case No. 13-2707, 2015 WL 305505 (3d Cir. Jan. 26, 2015) (precedential)
Ruling:
Affirming the jury's liability verdict and findings that defendants breached their fiduciary duties by failing to exercise reasonable diligence and prudence in their oversight and management of the...
Judge(s):
Vanaskie, Circuit Judge
Tag(s):

Intertek USA, Inc. v. Caribbean Petroleum Corp. (In re Caribbean Petroleum Corp.)

Citation:
TGse No. 13-4415 (3d Cir. Sept. 18, 2014) (Not Precedential)
Ruling:
The district court's determination that the bankruptcy court orders in question unambiguously provide for pro rata distribution to all holders of general unsecured claims, including tort claims is...
Judge(s):
Rendell, Greenaway, Jr., and Krause (author)
Tag(s):

International Union v. Visteon Corp. (In re Visteon Corp)

Citation:
International Union v. Visteon Corp. (In re Visteon Corp), No. 12-3352, Slip Op. (3d Cir. Aug. 28, 2014)
Ruling:
Order of the bankruptcy court termining pension benefits was final and subject to appeal. Party that failed to appeal the order could not get the benefit of the appellate court's reversal of the...
Judge(s):
McKee, Chagares, Nygaard
Tag(s):

SB Liquidation Trust v. Preferred Bank (In re Syntax-Brillian Corp.)

Citation:
Nos. 1373 and 13-1959 (3d Cir. Aug. 11, 2014)
Ruling:
The Third Circuit held that the Bankruptcy Court erred in dismissing avoidance claims under both the Bankruptcy Code and Delaware law because there is no requirement to plead that the defendant had...
Judge(s):
Jordan, Vanaskie and Van Antwerpen (opinion by Vanaskie)
Tag(s):

Dwyer v. Cappell

Citation:
Appeal No. 13-3235 (3d Cir. Aug. 11, 2014)
Ruling:
Reversed and remanded to U.S. District Court for the the New Jersey. As applied to the advertisements of the plaintiff attorney and his firm, a New Jersey Supreme Court attorney conduct guideline...
Judge(s):
Ambro (author), Hardiman, and Greenaway, Jr.
Tag(s):

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