Legal Opinion

Corporate Res. Servs., Inc. v. Wells Fargo Bank, N.A. (In re TS Emp't, Inc.)

United States Bankruptcy Court, S.D. New York

Decided February 28, 2019No. Case No. 15-10243 (MG); Case No. 15-12329 (MG) (Jointly Administered); Adv. Pro. No. 17-1175; Adv. Pro. No. 17-1176PublishedCited by 7 opinions

1Opinion of the Court

MARTIN GLENN, UNITED STATES BANKRUPTCY JUDGE

TABLE OF CONTENTS

I. Introduction ...499

II. Procedural History ...500 *499III. Jurisdiction And Venue ...500

IV. Findings of Fact ...500

A. Background...500

B. The CRS Receivables Financing Facility...501

C. The June 2014 Amendments...502

D. The February 2015 Amendments...511

E. The Cash Management System and Payroll Overdraft...512

F. The Indemnification Agreement...513

G. Diligence Undertaken Prior to Making the Payroll Advance...514

H. The TSE 2002 Account Charges...515

I. The Post-Petition Overdrafts...520

J. WFFL Lease Payments...522

K. The Indemnification for…

2Cases cited41 opinions

Local Loan Co. v. HuntSupreme Court of the United States · 1934
BFP v. Resolution Trust CorporationSupreme Court of the United States · 1994
In Re: Sharp International Corp. & Sharp Sales Corp., Debtors. Sharp International Corp., Debtor-Appellant v. State Street Bank and Trust CompanyCourt of Appeals for the Second Circuit · 2005
Young v. United StatesSupreme Court of the United States · 2002
In Re Crysen/montenay Energy Co., Debtor. Crysen/montenay Energy Co. v. Esselen Associates, Inc.Court of Appeals for the Second Circuit · 1990

36 more not listed; retrieve them via the Exa API.

3Cited by7 opinions

Deborah J. Piazza, as Chapter 7 Trustee of George v. Pacific Maritime Industries Corp.United States Bankruptcy Court, S.D. New York · 2022
HAHA Global, Inc. v. BarclaysDistrict Court, S.D. New York · 2020
In Re: Liberty Bridge Capital Management GP, LLCDistrict Court, S.D. New York · 2025
In Re: Windstream Holdings, Inc.District Court, S.D. New York · 2022
In re: Howard L. HendersonUnited States Bankruptcy Court, E.D. New York · 2026

2 more not listed; retrieve them via the Exa API.