Legal Opinion

In Re MF Global Holdings Ltd.

United States Bankruptcy Court, S.D. New York

Decided April 10, 2012No. 18-36993PublishedCited by 18 opinions

1Opinion of the Court

MEMORANDUM OPINION LIFTING AUTOMATIC STAY TO PERMIT PAYMENTS OF DEFENSE COSTS UNDER CERTAIN INSURANCE POLICIES

MARTIN GLENN, Bankruptcy Judge.

Two of the Debtors’ 1 insurance providers have sought relief from the automatic stay, to the extent applicable, to advance or pay defense costs on behalf of present or former directors, officers, and employees of the Debtors (i) that have been named as defendants in class action lawsuits in multiple federal and state courts, or (ii) in connection with ongoing investigations. A number of commodities customers of MFGI and securities holders of MFGH that…

2Cases cited30 opinions

  1. Lujan v. Defenders of WildlifeSupreme Court of the United States · 1992
  2. In Re Sonnax Industries, Inc., Debtor. Sonnax Industries, Inc. v. Tri Component Products Corp.Court of Appeals for the Second Circuit · 1990
  3. United States Department of Treasury v. FabeSupreme Court of the United States · 1993
  4. Coleman v. New Amsterdam Casualty Co.New York Court of Appeals · 1928
  5. In re Global Crossing Securities & Erisa LitigationDistrict Court, S.D. New York · 2004

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3Cited by18 opinions

  1. Finkel v. Polichuk (In re Polichuk)United States Bankruptcy Court, E.D. Pennsylvania · 2014
  2. Ames Department Stores, Inc. v. Lumbermens Mutual Casualty Co. (In re Ames Department Stores, Inc.)United States Bankruptcy Court, S.D. New York · 2015
  3. In re Residential Capital, LLCUnited States Bankruptcy Court, S.D. New York · 2013
  4. Lawski v. Frontier Insurance Group, LLC (In re Frontier Insurance Group, LLC)United States Bankruptcy Court, S.D. New York · 2014
  5. MF Global Holdings Ltd. v. Allied World Assurance Co. (In re MF Global Holdings Ltd.)United States Bankruptcy Court, S.D. New York · 2016

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