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Wilmington Sav. Fund Soc'y, FSB v. Iheartcommunications, Inc. (In re Iheartmedia, Inc.)

United States Bankruptcy Court, S.D. Texas

Decided January 15, 2019No. CASE NO: 18-31274; ADVERSARY NO. 18-03052PublishedCited by 8 opinions

1Opinion of the Court

Marvin Isgur, UNITED STATES BANKRUPTCY JUDGE

*345Wilmington Savings Fund Society, FSB, the successor indenture trustee to the 2016, 2018, and 2027 Legacy Notes, filed this adversary proceeding against iHeartCommunications, Inc. et al in order to protect the Legacy Noteholders' rights to equal and ratable treatment based on a "Springing Lien" that exists under its bond indenture. Wilmington seeks to vindicate its rights through the imposition of an equitable lien or a constructive trust, or through damages for unjust enrichment or tortious interference.

iHeart, its subsidiary defendants, and the…

2Cases cited36 opinions

  1. Copperweld Corp. v. Independence Tube Corp.Supreme Court of the United States · 1984
  2. W.W.W. Associates, Inc. v. GiancontieriNew York Court of Appeals · 1990
  3. Torrington Co. v. StutzmanTexas Supreme Court · 2001
  4. Heldenfels Bros. v. City of Corpus ChristiTexas Supreme Court · 1992
  5. Fortune Production Co. v. Conoco, Inc.Texas Supreme Court · 2000

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3Cited by8 opinions

  1. Bryant Bank v. Jackson, as the Independent of the ProbatUnited States Bankruptcy Court, W.D. Texas · 2025
  2. In re: Anadrill Directional Services Inc.; Ronald J. Sommers v. Global Merchant Cash, Inc.United States Bankruptcy Court, S.D. Texas · 2026
  3. In re: Anadrill Directional Services Inc.; Ronald J. Sommers v. RDM Capital Funding, LLC DBA FintapUnited States Bankruptcy Court, S.D. Texas · 2026
  4. In re: H-Food Holdings, LLC, et al. v. Hearthside Food Solutions, LLC, et al.United States Bankruptcy Court, S.D. Texas · 2026
  5. Ronald J. Sommers, Chapter 7 Trustee for Anadrill Directional Services Inc. v. Capybara Capital, LLC; Seamless Capital Group LLCUnited States Bankruptcy Court, S.D. Texas · 2026

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