Legal Opinion
Preston Trucking Co. v. Liquidity Solutions, Inc. (In Re Preston Trucking Co.)
United States Bankruptcy Court, D. Maryland
Decided April 8, 2005No. 19-12739PublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM OPINION GRANTING CROSS-CLAIM OF LIQUIDITY SOLUTIONS, INC. IN PART AND DENYING THE CROSS-CLAIM OF THE TEAMSTERS
JAMES F. SCHNEIDER, Bankruptcy Judge.
A number of former employees of Preston Trucking Company (“Preston Trucking”), the debtor in possession, assigned their priority wage claims and claims under the Worker Adjustment and Retraining Notification Act (the “WARN Act”) to Liquidity Solutions, Inc. (“LSI”), which had solicited each truck driver for that purpose. The employees who assigned their claims to LSI (“the employees”) received $0.35 on the dollar for their claims.…
2Cases cited50 opinions
- Warth v. SeldinSupreme Court of the United States · 1975
- City of Los Angeles v. LyonsSupreme Court of the United States · 1983
- Allen v. WrightSupreme Court of the United States · 1984
- Valley Forge Christian College v. Americans United for Separation of Church and State, Inc.Supreme Court of the United States · 1982
- Alyeska Pipeline Service Co. v. Wilderness SocietySupreme Court of the United States · 1975
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3Cited by3 opinions
- In Re KirklandUnited States Bankruptcy Court, D. New Mexico · 2007
- In Re First Magnus Financial Corp.United States Bankruptcy Court, D. Arizona · 2008
- In Re Rock Rubber & Supply of Connecticut, Inc.United States Bankruptcy Court, D. Connecticut · 2006