Miller v. McCown De Leeuw & Co. (In Re the Brown Schools)
United States Bankruptcy Court, D. Delaware
1Opinion of the Court
OPINION 1
MARY F. WALRATH, Bankruptcy Judge.
Before the Court are the Motions of the MDC Defendants 2 , Winstead Sechrest & Minick, P.C. (‘Winstead”), and Robert J. Naples (“Naples”) for dismissal of the complaint filed against them by the trustee. For the reasons stated below, the Court will grant the Motions in part.
I. BACKGROUND
In 1997 and 1998, the Debtors 3 recapitalized. During the recapitalization pro cess, McCown De Leeuw & Co., Inc. (“MDC”), through an affiliate, acquired more than 65% of the stock of The Brown Schools, Inc. (the “Parent Debtor”) for $63 million. MDC, through two…
2Cases cited36 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Scheuer v. RhodesSupreme Court of the United States · 1974
- Papasan v. AllainSupreme Court of the United States · 1986
- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
- Kost v. KozakiewiczCourt of Appeals for the Third Circuit · 1993
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