Legal Opinion

Marblegate Asset Management, LLC v. Education Management Finance Corp.

Court of Appeals for the Second Circuit

Decided January 17, 2017No. Docket No. 15-2124-cv(L), 15-2141-cv(CON)PublishedCited by 41 opinions

1Opinion of the Court

LOHIER, Circuit Judge:

Defendant-appellant Education Management Corporation (“EDMC”) and its subsidiaries appeal from a judgment following a bench trial before the United States District Court for the Southern District of New York (Failla, J.). The District Court held that a series of transactions meant to restructure EDMC’s debt over the objections of certain noteholders violated Section 316(b) of the Trust Indenture Act of 1939, 15 U.S.C. § 77ppp(b). The transactions at issue, the District Court determined, stripped the non-consenting note-holders, plaintiffs-appellees Marblegate Asset…

2Cases cited28 opinions

  1. Bob Jones University v. United StatesSupreme Court of the United States · 1983
  2. Sebelius v. Auburn Regional Medical CenterSupreme Court of the United States · 2013
  3. Solid Waste Agency of Northern Cook County v. United States Army Corps of EngineersSupreme Court of the United States · 2001
  4. Dennis v. HigginsSupreme Court of the United States · 1991
  5. Northern Pacific Railway Co. v. BoydSupreme Court of the United States · 1913

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3Cited by41 opinions

  1. Durbois v. Deutsche Bank Ntl TrustCourt of Appeals for the Fifth Circuit · 2022
  2. King v. Time Warner Cable Inc.Court of Appeals for the Second Circuit · 2018
  3. Taberna Preferred Funding IV, Ltd. v. Opportunities II Ltd. (In re Taberna Preferred Funding IV, Ltd.)United States Bankruptcy Court, S.D. New York · 2018
  4. Chatham Capital Holdings, Inc. v. ConruCourt of Appeals for the Second Circuit · 2024
  5. Acevedo v. Russell Cellular, Inc.District Court, E.D. California · 2021

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