Legal Opinion
Liquidating Trust of U.S. Wireless Corp. v. Wax (In Re U.S. Wireless Corp.)
United States Bankruptcy Court, D. Delaware
Decided April 9, 2008No. 19-50148PublishedCited by 6 opinions
1Opinion of the Court
OPINION 1
CHRISTOPHER S. SONTCHI, Bankruptcy Judge.
INTRODUCTION
Before the Court is an action to subordinate a claim brought by Mati Wax, a former employee of the Debtors. The Liquidating Trust initiated this adversary proceeding because it believes that a portion of Mr. Wax’s claim is for damages arising from the purchase and sale of a security and, thus, must be subordinated under section 510(b) of the Bankruptcy Code. For the reasons set forth below, the Court agrees with The Liquidating Trust and grants summary judgment in its favor.
JURISDICTION
This Court has jurisdiction over this matter…
2Cases cited20 opinions
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Brown v. FelsenSupreme Court of the United States · 1979
- United States v. Ronald J. GoldbergCourt of Appeals for the Third Circuit · 1995
- In Re Telegroup, Inc. Baroda Hill Investments, Ltd. Leheron Corporation, Ltd. Kimble John Winter v. Telegroup, IncCourt of Appeals for the Third Circuit · 2002
- Archer v. WarnerSupreme Court of the United States · 2003
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3Cited by6 opinions
- SeaQuest Diving, LP v. S&J Diving, Inc. (In Re SeaQuest Diving, LP)Court of Appeals for the Fifth Circuit · 2009
- Adler v. Lehman Bros. Holdings Inc. (In re Lehman Bros. Holdings Inc.)Court of Appeals for the Second Circuit · 2017
- In re Lehman Bros. Holdings Inc.United States Bankruptcy Court, S.D. New York · 2014
- D'Angelo v. J.P. Morgan Chase Bank, N.A. (In re D'Angelo)United States Bankruptcy Court, E.D. Pennsylvania · 2012
- NTP Marble, Inc. v. Papadopoulos (In re NTP Marble, Inc.)United States Bankruptcy Court, E.D. Pennsylvania · 2013
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