In Re Winstar Communications, Inc.
United States Bankruptcy Court, D. Delaware
1Opinion of the Court
MEMORANDUM 1
KEVIN J. CAREY, Bankruptcy Judge.
The matter before the Court is the Motion of Herrick Feinstein LLP (“Herrick”) and Impala Partners, LLC (“Impala”) For Authority to Enter Into Agreement” (docket no. 4741)(the “Motion”). The Motion asks for court approval of a “hedging transaction” with Credit Suisse Loan Funding LLC (“CS”) regarding a portion of Herrick’s and Impala’s anticipated contingency fees. The United States Trustee (the “UST”) has objected. For the reasons set forth below, the Motion will be denied, without prejudice.
BACKGROUND
On April 18, 2001, Winstar Communications,…
2Cases cited7 opinions
- Robinson v. Shell Oil Co.Supreme Court of the United States · 1997
- In Re Telegroup, Inc. Baroda Hill Investments, Ltd. Leheron Corporation, Ltd. Kimble John Winter v. Telegroup, IncCourt of Appeals for the Third Circuit · 2002
- In the Matter of Arlan's Department Stores, Inc., DebtorCourt of Appeals for the Second Circuit · 1979
- In The Matter Of Futuronics CorporationCourt of Appeals for the Second Circuit · 1981
- In Re Worldwide Direct, Inc.United States Bankruptcy Court, D. Delaware · 2004
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