Home > Twitter Posts > Bankruptcy Tweets of 2011-2012 Cases - A Year in Review - V.3 > 09 | 3 | 2012Posted By Steve Jakubowski Bankruptcy Tweets of 2011-2012 Cases - A Year in Review - V.3
- SDNY: Stern concerns aside, withdrawal at this pre-trial stage would cause significant inefficiencies & be inapprop.
- SDNY: No room in Stern for fr tsf claim that is a private right in 7th Am context but a public right in Art III context
- SDNY consensus post-Stern is BK Cts cant enter final jdgmt in fr tsf actions unless tied to proof of claim ruling.
- SDNY: Post-Stern, core/non-core distinction may not remain relevant to district ct's withdrawal of reference for cause
- SDNY: Pre-Stern, threshold inquiry in permissive withdrawal was whether the claim was core or non-core
- D-IL: Cts are skeptical that a BK trustee can be a class rep. absent potentially substantial class member recoveries.
- 7th: Can't circumvent Rooker-Feldman by recasting review as a cplt about civil rights, due process, conspiracy, or RICO
- 9th: Common law right of public access to judicial documents displaced by BK Code §107 in the bankruptcy context.
- 9-BAP reviews split re if BK exemptions, incl. tenancy by entirety, are subject to §544(a) avoidance & says they are.
- D-IL: Claims of ch 7 ttee & crs. v. 3d parties are so closely related that the BK Ct properly enjoined creditor action.
- D-IL:Corp vol. petition not signed by atty isnt void ab initio but can be freely amended per FRBP 1009 to correct it
- D-OH: Dishonesty exclusion in D&O policy applies to liq. ttee bec sole actor rule overrides adverse interest exception.
- D&O carrier may have waived its right to rescind policy based on fraudulent reps by accepting tail coverage premium.