GAF Holdings v. Philip Rinaldi

SHEPHERD, Circuit Judge.

In this consolidated appeal, defendants, Pegasus Partners II, L.P., Pegasus Investors II, L.P., Pegasus Capital Partners, L.P. (collectively “Pegasus”), Phillip Rinal-di, Stanley Riemann, Robert Terry (collectively “defendants”), and J.P. Morgan Trust Company, National Association in its capacity as Trustee of the FI Liquidating Trust (“Liquidating Trustee”), appeal the Bankruptcy Appellate Panel’s (“BAP”) decision finding the bankruptcy court lacked subject matter jurisdiction to rule on the merits of GAF Holdings, LLC’s (“GAF’s”) state law tort claims against the…