In Re Oneida Ltd.
United States Bankruptcy Court, S.D. New York
1Opinion of the Court
POST-TRIAL MEMORANDUM OF OPINION
ALLAN L. GROPPER, Bankruptcy Judge.
The reorganized debtors in the above-captioned Chapter 11 proceedings (“Oneida”) object to a proof of claim filed by a former financial advisor, Peter J. Solomon Company, L.P. (“PJSC”). The proof of claim alleges that Oneida is liable under an Amended and Restated Engagement Letter (the “Letter Agreement”), dated May 1, 2004. As PJSC interprets a “tail provision” of the Letter Agreement, it has a contractual right to recover more than $6.3 million in fees because Oneida hired another investment banker to advise it in…
2Cases cited21 opinions
- Stoll v. GottliebSupreme Court of the United States · 1938
- Raleigh v. Illinois Department of RevenueSupreme Court of the United States · 2000
- In Re Herbert L. HOLM, Debtor. Alan WRIGHT, Creditor-Appellee, v. Herbert L. HOLM, Debtor-AppellantCourt of Appeals for the Ninth Circuit · 1991
- Beal Savings Bank v. SommerNew York Court of Appeals · 2007
- Old Colony Trust Co. v. City of OmahaSupreme Court of the United States · 1913
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