Keene Corp. v. Coleman (In Re Keene Corp.)
United States Bankruptcy Court, S.D. New York
1Opinion of the Court
MEMORANDUM DECISION GRANTING MOTION FOR PRELIMINARY INJUNCTION AND DIRECTING THE APPOINTMENT OF AN EXAMINER
STUART M. BERNSTEIN, Bankruptcy Judge.
The debtor-in-possession, Keene Corporation (“Keene”), seeks declaratory and injunc-tive relief preventing the continuation of approximately 1,600 lawsuits. Commenced by Keene’s creditors and pending throughout the country, the lawsuits challenge the legality of Keene’s transfer of over $200 million of its assets to its then affiliates during the 1980s and the subsequent spinning off of certain of these affiliates (collectively the “Wrongful Transfer…
2Cases cited42 opinions
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- Caminetti v. United StatesSupreme Court of the United States · 1917
- Pepper v. LittonSupreme Court of the United States · 1939
- In Re Mortgageamerica Corporation, Debtor. The American National Bank of Austin v. Mortgageamerica CorporationCourt of Appeals for the Fifth Circuit · 1983
- In the Matter of S.I. Acquisition, Inc., Debtor. S.I. Acquisition, Inc. v. Eastway Delivery Service, Inc.Court of Appeals for the Fifth Circuit · 1987
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3Cited by60 opinions
- Mediators, Inc. v. Manney (In re Mediators, Inc.)Court of Appeals for the Second Circuit · 1997
- Securities Investor Protection Corp. v. Stratton Oakmont, Inc.United States Bankruptcy Court, S.D. New York · 1999
- Goldin v. Primavera Familienstiftung, Tag Associates, Ltd. (In Re Granite Partners, L.P.)United States Bankruptcy Court, S.D. New York · 1996
- Picard Ex Rel. Liquidation of Bernard L. Madoff Investment Securities LLC v. Madoff (In Re Bernard L. Madoff Investment Securities LLC)United States Bankruptcy Court, S.D. New York · 2011
- In Re Emoral, Inc.Court of Appeals for the Third Circuit · 2014
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