Hirsch Ex Rel. Centennial Textiles, Inc. v. Pennsylvania Textile Corp. (In Re Centennial Textiles, Inc.)
United States Bankruptcy Court, S.D. New York
1Opinion of the Court
POST-TRIAL MEMORANDUM DECISION
STUART M. BERNSTEIN, Bankruptcy Judge.
The trustee commenced this adversary proceeding to recover damages, and for equitable subordination, based upon events that occurred during the debtors’ failed chapter 11 cases. His complaint charges, in substance, that the defendants — Pennsylvania Textile Corporation, Inc. d/b/a PENN-TEX (“Penn-Tex”), and its vice president, Joseph J. Hannagan, Jr. — entered into a fraudulent scheme with the debtors’ president, Barry Gersten, to repay a portion of Penn-Tex’s prepetition claims. I conducted a trial on August 31,1998.
The…
2Cases cited26 opinions
- Commodity Futures Trading Commission v. WeintraubSupreme Court of the United States · 1985
- Rodriguez-Bruno v. Doral MortgageCourt of Appeals for the First Circuit · 1995
- Diduck v. Kaszycki & Sons Contractors, Inc.Court of Appeals for the Second Circuit · 1992
- Wolf v. WeinsteinSupreme Court of the United States · 1963
- Shiv B. Katara, as Administrator of Manisha Sportswear, Inc. Defined Pension Trust v. D.E. Jones Commodities, Inc., and Alpha O. NickelberryCourt of Appeals for the Second Circuit · 1987
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- In Re Eric J. Blatstein 718 Arch Street Associates, Ltd. v. BlatsteinDistrict Court, E.D. Pennsylvania · 2001
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