Legal Opinion
In Re Drexel Burnham Lambert Group Inc.
United States Bankruptcy Court, S.D. New York
Decided May 3, 1990No. 19-22261PublishedCited by 39 opinions
1Opinion of the Court
DECISION
HOWARD C. BUSCHMAN, III, Bankruptcy Judge.
Banque Worms and fifteen other banks 1 (the “Banks”) seek pursuant to 11 U.S.C. § 362(d) and § 105(a) (1986), an order modifying the automatic stay provided in 11 U.S.C. § 362(a)(3) to permit Bankers Trust Company (“Bankers Trust”), as Collateral Agent, to retain in trust collateral proceeds owed to the Debtor, The Drexel Burnham Lambert Group, Inc. (“Drexel”), to preserve their alleged right to set off Drexel’s obligations to them as against Drexel’s share of those proceeds if they are not paid in full. This is a core proceeding pursuant to…
2Cases cited96 opinions
- United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
- National Labor Relations Board v. Bildisco & BildiscoSupreme Court of the United States · 1984
- Precision Instrument Manufacturing Co. v. Automotive Maintenance MacHinery Co.Supreme Court of the United States · 1945
- Midlantic National Bank v. New Jersey Department of Environmental ProtectionSupreme Court of the United States · 1986
- In Re Mammoth Mart, Inc., Debtor. Stanley Cramer v. Mammoth Mart, Inc.Court of Appeals for the First Circuit · 1976
91 more not listed; retrieve them via the Exa API.
3Cited by39 opinions
- Darr v. MuratoraCourt of Appeals for the First Circuit · 1993
- Izzarelli v. Rexene Products Co. (In Re Rexene Products Co.)United States Bankruptcy Court, D. Delaware · 1992
- Scherling v. Hellman Electric Corp. (In Re Westchester Structures, Inc.)United States Bankruptcy Court, S.D. New York · 1995
- United States Lines, Inc. v. American Steamship Owners Mutual Protection & Indemnity Ass'n (In Re United States Lines, Inc.)United States Bankruptcy Court, S.D. New York · 1994
- Photo Mechanical Services, Inc. v. E.I. DuPont De Nemours & Co. (In Re Photo Mechanical Services, Inc.)United States Bankruptcy Court, D. Minnesota · 1995
34 more not listed; retrieve them via the Exa API.