Legal Opinion
Judge v. Pincus, Verlin, Hahn & Reich, P.C. (In Re J & J Record Distributing Corp.)
United States Bankruptcy Court, E.D. Pennsylvania
Decided November 25, 1987No. 19-10928PublishedCited by 8 opinions
1Opinion of the Court
OPINION
DAVID A. SCHOLL, Bankruptcy Judge.
The instant proceeding presents an issue which our research indicates has rarely been addressed by other bankruptcy courts: does a law firm representing a Chapter 11 debtor-in-possession (hereinafter referred to as “DIP”) have a duty to invest funds held by it in an interest-bearing account, such that the firm will be liable for interest which could have been received when it fails to do so? We hold that the answer to this question, generally, is affirmative, and that the firm here is liable for at least a portion of the sums demanded from it by the…
2Cases cited17 opinions
- Wolf v. WeinsteinSupreme Court of the United States · 1963
- Matter of Baldwin-United Corp.District Court, S.D. Ohio · 1984
- Jones EstateSupreme Court of Pennsylvania · 1960
- Huttig Mfg. Co. v. EdwardsCourt of Appeals for the Eighth Circuit · 1908
- In Re Estate of PitoneSupreme Court of Pennsylvania · 1980
12 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Smith v. Commonwealth National BankSupreme Court of Pennsylvania · 1989
- In Re Command Services Corp.United States Bankruptcy Court, N.D. New York · 1989
- In Re Consupak, Inc.United States Bankruptcy Court, N.D. Illinois · 1988
- In Re Greater Pottstown Community Church of the Evangelical Congregational ChurchUnited States Bankruptcy Court, E.D. Pennsylvania · 1987
- Judge v. Pincus, Verlin, Hahn & Reich, P.C. (In Re J & J Record Distributing Corp.)District Court, E.D. Pennsylvania · 1988
3 more not listed; retrieve them via the Exa API.