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Summaries by Janice Grubin

IRS v. WorldCom, Inc. (In re WorldCom, Inc.)

Citation:
Internal Revenue Service v. WorldCom, Inc. (In re WorldCom, Inc.), Second Circuit Court of Appeals Case No. 12-803
Ruling:
In reversing and remanding District Court's affirmance of Bankruptcy Court's granting of Debtors' objection to IRS's proof of claim and Debtors' motion for refund of previously paid taxes, Second...
Judge(s):
A.Kearse, R. Katzmann and J.Rakoff (District Judge sitting by designation)
Tag(s):

Liquidators of Lehman Brothers Australia Ltd. v. Lehman Brothers Special Financing Inc. (In re Lehman Brothers Holdings Inc.)

Citation:
Liquidators of Lehman Brothers Australia LImited, Liquidator, Dante Noteholders v. Lehnman Brothers Special Financing Inc. (in re Lehman Brother Holdings Inc.), ___ F3d ___, ___ WL _______ (2d Cir. Oct. 4, 2012), Case No. 11-2967-cv (LEAD), 11-2992-cv (CON)
Ruling:
The Circuit Court VACATED and REMANDED the judgment of the District Court and REINSTATED the appeal for consideration of the Bankruptcy Court order denying intervention on the merits. Given...
Judge(s):
Jacobs, Chief Judge, and Chin and Droney, Circuit Judges
Tag(s):

Parmalat Capital Finance Ltd. v. Bank of America Corp.

Citation:
___ F.3d ___, 2012 LEXIS ______ (February 21, 2012, 2nd Cir.)
Ruling:
Because two Illinois state court cases can be "timely adjudicated" in Illinois state court, abstention is mandatory under section 1334(c)(2) of Title 28. Thus, the federal district court's...
Judge(s):
Cabranes and Wesley, Circuit Judges, and Koeltl, District Judge
Tag(s):

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