Legal Opinion
Daley v. Chang (In Re Joy Recovery Technology Corp.)
United States Bankruptcy Court, N.D. Illinois
Decided March 17, 2003No. 19-04004PublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM OPINION ON TRUSTEE’S MOTION FOR AWARD OF PRE JUDGMENT INTEREST
JACK B. SCHMETTERER, Bankruptcy Judge.
This Adversary proceeding relates to the confirmed Chapter 11 Plan of Debtor Joy Recovery Technology Corporation (“Joy”) under which Plaintiff herein who is liquidating trustee under that Plan, brought suit against Mark and his wife Cathy Chang (“Mark” and “Cathy” or “the Changs”).
This action alleged that the Changs looted their former company Joy by selling Mark’s 50% stock in trust for $2.1 million, leaving the company insolvent and defrauding Joy’s inventory. This suit sought…
2Cases cited20 opinions
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- William Joseph Healy, Jr. v. New York Life Insurance CompanyCourt of Appeals for the Third Circuit · 1988
- Estate of Wernick v. MacKsIllinois Supreme Court · 1989
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3Cited by1 opinion
- Molina v. First Line Solutions LLCDistrict Court, N.D. Illinois · 2007