Legal Opinion
First National Bank of Boston v. Shugrue (In Re Ionosphere Clubs, Inc.)
District Court, S.D. New York
Decided January 17, 1991No. Bankruptcy Nos. 89 B 10448 (BRL), 89 B 10449 (BRL), No. 90 Civ. 4323 (RWS)PublishedCited by 11 opinions
1Opinion of the Court
OPINION
SWEET, District Judge.
A number of financial institutions holding promissory notes of Eastern Airlines have appealed from a ruling of the Bankruptcy Court, In re Ionosphere Clubs, Inc., 112 B.R. 78 (Bankr.S.D.N.Y.1990), that certain security interests which they hold in equipment owned by Eastern Airlines, Inc. (“Eastern”) are not exempted by § 1110 of the Bankruptcy Code, 11 U.S.C. § 1110, from the automatic bankruptcy stay. For the following reasons, the decision of the Bankruptcy Court is reversed.
The Parties
The appellants include a group of European Banks that lent money to Eastern…
2Cases cited23 opinions
- Marie Brunner v. New York State Higher Education Services Corp.Court of Appeals for the Second Circuit · 1987
- Manuel v. PierceCourt of Appeals for the Fifth Circuit · 1975
- In the Matter of Topco, Inc., Debtor. River Production, Co., Inc. v. Jack M. Webb, TrusteeCourt of Appeals for the Fifth Circuit · 1990
- In Re GibsonUnited States Bankruptcy Court, D. Kansas · 1981
- In Re Beker Industries Corp.District Court, S.D. New York · 1988
18 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- U.S. Bank Trust National Ass'n v. American Airlines, Inc. (In re AMR Corp.)United States Bankruptcy Court, S.D. New York · 2013
- In Re PetrocciUnited States Bankruptcy Court, N.D. New York · 2007
- In Re PajotUnited States Bankruptcy Court, E.D. Virginia · 2007
- In Re BurtUnited States Bankruptcy Court, D. Utah · 2007
- In Re MunzbergUnited States Bankruptcy Court, D. Vermont · 2008
6 more not listed; retrieve them via the Exa API.