Legal Opinion
In Re Ms55, Inc., Debtor. Jeffrey Hill, Trustee v. Akamai Technologies, Inc., a Delaware Corporation
Court of Appeals for the Tenth Circuit
Decided February 13, 2007No. 05-1389PublishedCited by 15 opinions
1Opinion of the Court
TYMKOVICH, Circuit Judge.
The question in this bankruptcy appeal is whether a Chapter 7 trustee may bring claims that a Chapter 11 debtor-in-possession could not. We conclude that the trustee is barred in the circumstances of this case from bringing a derivative claim on behalf of a creditors’ committee after conversion to Chapter 7.
Accordingly, we AFFIRM the decision of the district court.
I. Background
Debtor ms55, Inc. (known under its trade name MSHOW.com) provided internet-based meeting and conference technology to corporate clients. In July 2001, after a series of financial setbacks, MSHOW…
2Cases cited11 opinions
- Hartford Underwriters Insurance v. Union Planters Bank, N. A.Supreme Court of the United States · 2000
- Zilkha Energy Company v. Arthur Leighton, Verna Leighton, George W. Leighton, Susan Kay Stansberry, Ann E. Thompson, and Michael Frank ThompsonCourt of Appeals for the Tenth Circuit · 1990
- Official Committee of Unsecured Creditors of Cybergenics Corp. Ex Rel. Cybergenics Corp. v. ChineryCourt of Appeals for the Third Circuit · 2003
- Paul v. MontsCourt of Appeals for the Tenth Circuit · 1990
- In Re Housecraft Industries Usa, Inc. Gleb Glinka, Esq., Trustee and Howard Hoppenheim, Trustee in Bankruptcy for Robojo, Inc., Banque Nationale De Paris, (Canada), Plaintiff-Counter-Defendant-Appellee v. Abraham Murad, Defendant-Counter-Claimant, Abraham and Rose Company, Ltd., F/k/a 142761 Canada, Inc., Abraham and Rose, Inc., A/K/A Abraham & Rose, Inc., Roy Murad and Allen Stern v. Federal Plastics Manufacturing, Ltd.Court of Appeals for the Second Circuit · 2002
6 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Carr v. Loeser (In re International Auction & Appraisal Services LLC)United States Bankruptcy Court, M.D. Pennsylvania · 2013
- Prologo v. Flagstar Bank, FsbDistrict Court, D. Maryland · 2012
- Burtch v. Ganz (In Re Mushroom Transportation Co.)United States Bankruptcy Court, E.D. Pennsylvania · 2007
- Springs East Land Co. v. Goss (In re Ellicott Springs Resources, LLC)United States Bankruptcy Court, D. Colorado · 2013
- Terlecky v. Peoples Bank, National Ass'n (In Re Amerigraph, LLC)United States Bankruptcy Court, S.D. Ohio · 2011
10 more not listed; retrieve them via the Exa API.