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Legal Opinion

Sapphire Development, LLC v. McKay

District Court, D. Connecticut

Decided February 1, 2016No. 3:15-cv-1570 (MPS); No. 3:15-cv-1097 (MPS)PublishedCited by 6 opinions

1Opinion of the Court

OPINION AND ORDER

Michael P. Shea, U.S.D.J.

One business day before the start of trial in a state court lawsuit that sought to void the transfer to it of real estate, Sapphire Development, LLC (“Sapphire”), filed for bankruptcy under Chapter 11 of the Bankruptcy Code, effectively staying the state court action. Crying foul, the plaintiff in the state court action, Robert McKay, moved to dismiss the bankruptcy for “cause” under 11 U.S.C. § 1112(b)(1), arguing that it was filed in bad faith. After holding evidentiary hearings, the bankruptcy court agreed, and dismissed the case. Sapphire and…

2Cases cited25 opinions

  1. Local Loan Co. v. HuntSupreme Court of the United States · 1934
  2. In the Matter of Little Creek Development Company, Debtor. Little Creek Development Co. v. Commonwealth Mortgage Corp.Court of Appeals for the Fifth Circuit · 1986
  3. Carolin Corporation v. Robert J. Miller, Jr.Court of Appeals for the Fourth Circuit · 1989
  4. Young v. Higbee Co.Supreme Court of the United States · 1945
  5. In Re Victory Const. Co., Inc.United States Bankruptcy Court, C.D. California · 1981

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3Cited by6 opinions

  1. McKay v. LongmanSupreme Court of Connecticut · 2019
  2. In re: ClarkDistrict Court, D. Connecticut · 2025
  3. In re: Edward B. ScharfenbergerUnited States Bankruptcy Court, N.D. New York · 2026
  4. In re: G.L.A.D. Enterprises, LLCDistrict Court, D. Connecticut · 2020
  5. In re: SPAC RECOVERY CO.United States Bankruptcy Court, S.D. New York · 2026

1 more not listed; retrieve them via the Exa API.

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