LFD Operating, Inc. v. Ames Department Stores, Inc. (In Re Ames Department Stores, Inc.)
United States Bankruptcy Court, S.D. New York
1Opinion of the Court
MEMORANDUM DECISION REGARDING PROCEEDS FROM THE SALE OF PLAINTIFF’S MERCHANDISE IN DEFENDANTS’ STORES
ARTHUR J. GONZALEZ, Bankruptcy Judge.
I. Introduction
On September 6, 2001, Plaintiff, LFD Operating Inc. (“LFD”), commenced this adversary proceeding against Defendants, Ames Department Stores, Inc. and Ames Merchandising Corporation (hereinafter, “Ames”), seeking the return of $8.9 million from Ames to LFD. LFD asserts its claim based upon a series of agreements that allegedly prescribe that the $8.9 million is the property of LFD and, hence, should be excluded from Ames’s bankruptcy estates.
LF…
2Cases cited46 opinions
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- Securities Investor Protection Corp. v. Stratton Oakmont, Inc.United States Bankruptcy Court, S.D. New York · 1999
- In Re: Koreag, Controle Et Revision S.A.Court of Appeals for the Second Circuit · 1992
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