Legal Opinion
Enron Creditors Recovery Corp. v. Alfa, S.A.B. De C.V.
Court of Appeals for the Second Circuit
Decided June 28, 2011No. Docket 09-5122-bk (L), 09-5142-bk (Con)PublishedCited by 69 opinions
1Opinion of the Court
Judge KOELTL dissents in a separate opinion.
JOHN M. WALKER, JR., Circuit Judge:
This appeal raises an issue of first impression in the courts of appeals: whether 11 U.S.C. § 546(e), which shields “settlement payments” from avoidance actions in bankruptcy, extends to an issuer’s payments to redeem its commercial paper pri- or to maturity. Enron Creditors Recovery Corp. (“Enron”)1 seeks to avoid and recover payments Enron made to redeem its commercial paper prior to maturity from Appellees Alfa, S.A.B. de C.V. (“Alfa”), ING VP Balanced Portfolio, Inc., and ING VP Bond Portfolio, Inc.…
2Cases cited21 opinions
- Barnhart v. ThomasSupreme Court of the United States · 2003
- Lamie v. United States TrusteeSupreme Court of the United States · 2004
- Union Bank v. WolasSupreme Court of the United States · 1991
- Contemporary Industries Corp. v. FrostCourt of Appeals for the Eighth Circuit · 2009
- Kaiser Steel Corp v. Pearl Brewing Co.Court of Appeals for the Tenth Circuit · 1991
16 more not listed; retrieve them via the Exa API.
3Cited by69 opinions
- In re: Bernard L. Madoff Investment Securities LLCCourt of Appeals for the Second Circuit · 2014
- Fairfield Sentry Ltd. v. Theodoor GGC Amsterdam (In re Fairfield Sentry Ltd.)United States Bankruptcy Court, S.D. New York · 2018
- Tronox Inc. v. Kerr McGee Corp. (In re Tronox Inc.)United States Bankruptcy Court, S.D. New York · 2013
- Picard v. KatzDistrict Court, S.D. New York · 2011
- Allstate Insurance v. MunCourt of Appeals for the Second Circuit · 2014
64 more not listed; retrieve them via the Exa API.