Legal Opinion
Official Committee of the Unsecured Creditors of Color Tile, Inc. v. Pilgrim High Yield Trust (In re Color Tile, Inc.)
District Court, D. Delaware
Decided April 30, 2002No. Nos. 96-76(HSB) to 96-80(HSB); Civ.A. No. 98-358-SLR; Adversary No. A-98-90PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM OPINION
ROBINSON, Chief Judge.
I. INTRODUCTION
In this civil action, plaintiff, the Official Committee of Unsecured Creditors of Col- or Tile, Inc., et al., seeks to avoid certain dividend payments made to the beneficial owners of the debtor’s preferred stock and to force restoration of the full dividend amounts to the bankruptcy estates.1 *369Plaintiff is the fiduciary appointed to represent the interests of bondholders and trade and other unsecured creditors who hold unpaid claims against the bankruptcy estates of Color Tile, Inc. and its affiliates. The challenged dividend payments…
2Cases cited20 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Pennsylvania Coal Association, an Unincorporated Association v. Bruce Babbitt, Secretary of the Interior of the United States Department of Interior Robert Uram, Director, Office of Surface Mining Reclamation and Enforcement, United States Department of Interior, Pennsylvania Department of Environmental Resources (Der), Intervenor in D.C. Pennsylvania Coal Association, an Unincorporated Association v. Bruce Babbitt, Secretary of the Interior of the United States Department of Interior Robert Uram, Director, Office of Surface Mining Reclamation and Enforcement, United States Department of Interior Pennsylvania Department of Environmental Resources (Der), Intervenor in D.C. Commonwealth of Pennsylvania, Department of Environmental ResourcesCourt of Appeals for the Third Circuit · 1995
- Dona W. Horowitz, Individually and as Co-Executrix of the Estate of Leonard N. Horowitz, Deceased Alfred Camner, Co-Executor of the Estate of Leonard N. Horowitz, Deceased v. Federal Kemper Life Assurance Company, in No. 94-1900. Dona W. Horowitz, Individually and as Co-Executrix of the Estate of Leonard N. Horowitz, Deceased Alfred Camner, Co-Executor of the Estate of Leonard N. Horowitz, Deceased, in No. 94-1901 v. Federal Kemper Life Assurance CompanyCourt of Appeals for the Third Circuit · 1995
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3Cited by2 opinions
- Global Crossing v. Alta Partners Holdings LDC (In Re Global Crossing Ltd.)United States Bankruptcy Court, S.D. New York · 2008
- Official Committee of Unsecured Creditors v. Reliance Insurance (In Re Color Tile Inc.)Court of Appeals for the Third Circuit · 2004