Legal Opinion
In Re Nextmedia Group, Inc.
United States Bankruptcy Court, D. Delaware
Decided November 5, 2010No. 14-10414PublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM OPINION
WALSH, J.
This opinion is with respect to the objection of NextMedia Group, Inc. (Doc. # 479) to the claim filed by CBS Outdoor, Inc. For the reasons stated below, I will sustain the objection.
BACKGROUND
The Parties’ Agreements
CBS Outdoor Inc. (“CBS”) and NextMe-dia Outdoor, Inc. (“NextMedia”) own and operate outdoor advertising businesses. On August 29, 2008, CBS and NextMedia entered into an asset purchase agreement (the “Agreement”), whereby CBS purchased certain site leases (the “Site Leases”), advertising displays, and other assets from NextMedia for $72 million. (Doc. #…
2Cases cited8 opinions
- Rhone-Poulenc Basic Chemicals Co. v. American Motorists Insurance Co.Supreme Court of Delaware · 1992
- Oppenheimer & Co. v. Oppenheim, Appel, Dixon & Co.New York Court of Appeals · 1995
- Unum Life Insurance Co. of America v. WardSupreme Court of the United States · 1999
- Sassano v. CIBC World Markets Corp.Court of Chancery of Delaware · 2008
- Nathan Miller, Inc. v. Northern InsuranceSuperior Court of Delaware · 1944
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3Cited by3 opinions
- In re Argon Credit, LLCUnited States Bankruptcy Court, N.D. Illinois · 2019
- In re Energy Future Holdings Corp.United States Bankruptcy Court, D. Delaware · 2018
- Celsius Mining LLC v. Mawson Infrastructure Group Inc.United States Bankruptcy Court, S.D. New York · 2024