Legal Opinion
QSI Holdings, Inc. v. Alford (In Re Quality Stores, Inc.)
United States Bankruptcy Court, W.D. Michigan
Decided October 26, 2006No. 19-01964PublishedCited by 4 opinions
1Opinion of the Court
OPINION GRANTING DEFENDANTS’ MOTIONS FOR SUMMARY JUDGMENT UNDER 11 U.S.C. § 546(e)
JAMES D. GREGG, Bankruptcy Judge.
I.ISSUE.
This adversary proceeding arises from the 1999 leveraged buyout (“LBO”) of the Debtor, Quality Stores, Inc. (“Quality”). The Plaintiffs, QSI Holdings, Inc. and Quality, acting through their chief litigation officer (collectively, the “Plaintiffs”), seek to avoid payments made to approximately 170 shareholders of Quality (the “Defendants”) resulting from the LBO. Almost all of the Defendants have filed motions for summary judgment asserting that the transfers are exempt…
2Cases cited13 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- Samad Salehpour v. University of TennesseeCourt of Appeals for the Sixth Circuit · 1998
- Kaiser Steel Corp v. Pearl Brewing Co.Court of Appeals for the Tenth Circuit · 1991
- In Re: Resorts International, Inc.Court of Appeals for the Third Circuit · 1999
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3Cited by4 opinions
- QSI Holdings, Inc. v. AlfordCourt of Appeals for the Sixth Circuit · 2009
- QSI Holdings, Inc. v. AlfordDistrict Court, W.D. Michigan · 2007
- Hays v. Morgan Stanley Dw Inc. (In Re Stewart Finance Co.)United States Bankruptcy Court, M.D. Georgia · 2007
- QSI Holdings, Inc v. Dennis E. AlfordCourt of Appeals for the Sixth Circuit · 2009