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Legal Opinion

Weisfelner v. Blavatnik (In re Lyondell Chemical Co.)

United States Bankruptcy Court, S.D. New York

Decided April 21, 2017No. Case No. 09-10023 (CGM); Adv. Pro. No. 09-01375 (MG), Adv. Pro. No. 11-01844 (MG)PublishedCited by 17 opinions

1Opinion of the Court

MEMORANDUM OPINION AND ORDER AFTER TRIAL

MARTIN GLENN, United States Bankruptcy Judge

TABLE OF CONTENTS

I. Introduction... 61

A. Blavatnik, the Companies, and the Merger ... 62

B. The Trustee Failed to Establish that Lyondell was Insolvent on Two Key Dates... 63

C. The Trustee Also Failed to Establish that an Actual Fraudulent Transfer Occurred ... 65

D. The Bulk of the Trustee’s Remaining Claims Fail.... 66

II. Procedural History.... 67

III. Jurisdiction and Venue... 68

IV. Findings of Fact... 68

A. Access and Leonard Blavatnik ...69

B. Access Acquires Basell ... 70

C. Access’s Early Interest in Merging…

2Cases cited87 opinions

  1. Greenfield v. Philles Records, Inc.New York Court of Appeals · 2002
  2. BFP v. Resolution Trust CorporationSupreme Court of the United States · 1994
  3. Begier v. Internal Revenue ServiceSupreme Court of the United States · 1990
  4. In Re: Sharp International Corp. & Sharp Sales Corp., Debtors. Sharp International Corp., Debtor-Appellant v. State Street Bank and Trust CompanyCourt of Appeals for the Second Circuit · 2005
  5. United States v. Ernesto Quintieri, Carlo DonatoCourt of Appeals for the Second Circuit · 2002

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3Cited by17 opinions

  1. Weisfelner v. Blavatnik (In re Lyondell Chem. Co.)District Court, S.D. Illinois · 2018
  2. Motors Liquidation Co. Avoidance Action Trust ex rel. Wilmington Trust Co. v. JPMorgan Chase Bank, N.A. (In re Motors Liquidation Co.)United States Bankruptcy Court, S.D. New York · 2017
  3. Corporate Res. Servs., Inc. v. Wells Fargo Bank, N.A. (In re TS Emp't, Inc.)United States Bankruptcy Court, S.D. New York · 2019
  4. Cruickshank v. George R. Roberts Co. (In re Bos. Grand Prix, LLC)United States Bankruptcy Court, D. Massachusetts · 2019
  5. All States Construction, Inc. and All States Emulsion, LLC v. Paul Anthony Gorman, et al.District Court, N.D. New York · 2026

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