Legal Opinion
MFS/Sun Life Trust-High Yield Series v. Van Dusen Airport Services. Co.
District Court, S.D. New York
Decided October 23, 1995No. 91 Civ. 3451 (SWK) (JCF), 92 Civ. 1470 (SWK) (JCF)PublishedCited by 145 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
FRANCIS, United States Magistrate Judge.
The popularity of leveraged buyouts reached its zenith in the 1980’s, but the legal fallout from these transactions continues to descend on the courts. In the simplest terms, a leveraged buyout is the purchase of a company using its own assets as security for financing the acquisition. The consolidated cases here arose from the buyout of the Van Dusen Airport Services Company (“VDAS”) in 1988. The plaintiffs are holders of senior subordinated notes issued by VDAS in 1987. In 1990, VDAS ceased making payments of interest and…
2Cases cited45 opinions
- In Re Grand Jury Subpoena Duces Tecum Dated September 15, 1983 Marc Rich & Co. A.G., Intervenor-Appellant v. United StatesCourt of Appeals for the Second Circuit · 1984
- HBE Leasing Corp. v. FrankCourt of Appeals for the Second Circuit · 1995
- Mellon Bank, N.A. v. Metro Communications, Inc.Court of Appeals for the Third Circuit · 1991
- United States v. Tabor Court Realty Corp.Court of Appeals for the Third Circuit · 1986
- Rubin v. Manufacturers Hanover Trust Co.Court of Appeals for the Second Circuit · 1981
40 more not listed; retrieve them via the Exa API.
3Cited by145 opinions
- Wall Street Associates v. BrodskyAppellate Division of the Supreme Court of the State of New York · 1999
- ASARCO LLC v. Americas Mining Corp.District Court, S.D. Texas · 2008
- U.S. Bank National Ass'n v. Verizon Communications, Inc.Court of Appeals for the Fifth Circuit · 2014
- Boyer v. Crown Stock Distribution, Inc.Court of Appeals for the Seventh Circuit · 2009
- Official Committee of Unsecured Creditors of Toy King Distributors, Inc. v. Liberty Savings Bank, FSB (In Re Toy King Distributors, Inc.)United States Bankruptcy Court, M.D. Florida · 2000
140 more not listed; retrieve them via the Exa API.