Legal Opinion

Citicorp Venture Capital, Ltd. v. Committee of Creditors Holding Unsecured Claims

Court of Appeals for the Third Circuit

Decided November 24, 1998No. 97-3518, 97-3519UnknownCited by 1 opinion

1Opinion of the Court

OPINION OF THE COURT

STAPLETON, Circuit Judge:

This appeal is from a decision in an adversary proceeding brought by plaintiff-appellant/cross-appellee Committee of Creditors Holding Unsecured Claims (the “Committee”) against defendant-appellee/cross-appel-lant Citicorp Venture Capital, Ltd. (“CVC”). The action arises out of the chapter 11 reorganization of Papercraft Corporation filed in the Western District of Pennsylvania. The Committee claims that CVC, while a fiduciary of Papercraft, secretly purchased millions of dollars of claims against Papercraft at a discount, seeking to control…

2Cases cited11 opinions

Pepper v. LittonSupreme Court of the United States · 1939
In the Matter of Mobile Steel Company, Debtor. Elaine E. Benjamin v. Lester Y. Diamond, as Trustee in Bankruptcy for Mobile Steel, Inc.Court of Appeals for the Fifth Circuit · 1977
United States v. NolandSupreme Court of the United States · 1996
United States v. Reorganized CF&I Fabricators of Utah, Inc.Supreme Court of the United States · 1996
In Re Burden, Wilfred, H., A/K/A Burden, Wilfred, H., Jr., T/a Burden's Janitorial Service & Supply Company v. The United States of AmericaCourt of Appeals for the Third Circuit · 1990

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3Cited by1 opinion

Citicorp Venture Capital, Ltd., a New York Corporation v. Committee of Creditors Holding Unsecured Claims, and Committee of Creditors Holding Unsecured Claims as Estate Representative of Papercraft Corporation (d.c. Civil No. 95-Cv-01872). Committee of Creditors Holding Unsecured Claims, and Committee of Creditors Holding Unsecured Claims as Estate Representative of Papercraft Corporation v. Citicorp Venture Capital, Ltd., a New York Corporation (d.c. Civil No. 95-Cv-01886)Court of Appeals for the Third Circuit · 1998