United States Third Circuit

In an appeal arising out of the claim allowance process in a Chapter 11 bankruptcy liquidation, an order dismissing a liquidating trustee's objections to a proof of claim is affirmed where a settlement agreement prevented the trustee from bringing recharacterization and equitable subordination actions against the lenders at issue.

Appellate Information

• Argued 03/06/2007
• Decided 03/20/2007
• Published 03/20/2007

Judges

• Before SLOVITER and AMBRO, Circuit Judges THOMPSON, District Judge.

Court

• United States Third Circuit

Counsel

• For Appellant:
  
• Michael R. Lastowski, Esquire, Richard W. Riley, Esquire, Duane Morris LLP, Wilmington, DE, Andrew I. Silfen, Esquire (Argued), Michael S. Cryan, Esquire, Heike M. Vogel, Esquire, Arent Fox PLLC, New York, NY, for Appellant.


• For Appellees:
  
• Karen E. Wagner, Esquire (Argued), James I. McClammy, Esquire, Davis, Polk & Wardwell, New York, NY, Neil B. Glassman, Esquire, Charlene D. Davis, Esquire, The Bayard Firm, Wilmington, DE, for Appellee.