Grede v. Bank of New York Mellon
Court of Appeals for the Seventh Circuit
1Opinion of the Court
EASTERBROOK, Chief Judge.
After Sentinel Management Group, Inc., entered bankruptcy, the court appointed Frederick Grede as its trustee. A plan of reorganization under Chapter 11 of the Bankruptcy Code created a trust to hold most of Sentinel’s assets (valued at more than $500 million) while its business was being wound up, its investments cashed out, and its claims paid. The plan was confirmed in December 2008. No one asked for a stay or appealed, and the plan took effect. Grede changed hats from Chapter 11 Trustee to Trustee of the Sentinel Liquidation Trust.
Sentinel was a futures commission…
2Cases cited18 opinions
- Steel Co. v. Citizens for a Better EnvironmentSupreme Court of the United States · 1998
- Exxon Mobil Corp. v. Allapattah Services, Inc.Supreme Court of the United States · 2005
- Snyder v. HarrisSupreme Court of the United States · 1969
- Navarro Savings Assn. v. LeeSupreme Court of the United States · 1980
- Sprint Communications Co. v. APCC Services, Inc.Supreme Court of the United States · 2008
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- Harrison v. Soroof Int'l, Inc.District Court, D. Delaware · 2018
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