Legal Opinion

Kelley v. Opportunity Finance, LLC (In re Petters Co.)

United States Bankruptcy Court, D. Minnesota

Decided May 19, 2016No. Court File No. 08-45257; Court File Nos: 08-45258 (GFK), OS-45326 (GFK), 08-45327 (GFK), OS-45328 (GFK), 08-45329 (GFK), 08-45330 (GFK), 08-45331 (GFK), OS-45371 (GFK), 08-45392 (GFK); ADV 10-4301PublishedCited by 4 opinions

1Opinion of the Court

MEMORANDUM ON OPPORTUNITY FINANCE DEFENDANTS’ MOTION FOR DISMISSAL, RE: EFFECT OF SUBSTANTIVE CONSOLIDATION ON TRUSTEE’S STANDING

GREGORY F. KISHEL, CHIEF UNITED STATES BANKRUPTCY JUDGE

This adversary proceeding was commenced in the Chapter 11 cases of Debtor Petters Company, Inc., and the other Debtor-entities related to it. It is before the court for a ruling on an issue posed by Defendants Opportunity Finance, LLC, et al (collectively, “the Opportunity Finance defendants”) in their motion for dismissal.1 In 2013, substantive consolidation was ordered in the underlying bankruptcy cases, as to…

2Cases cited41 opinions

  1. Ashcroft v. IqbalSupreme Court of the United States · 2009
  2. Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
  3. Stern v. MarshallSupreme Court of the United States · 2011
  4. Norwest Bank Worthington v. AhlersSupreme Court of the United States · 1988
  5. Law v. SiegelSupreme Court of the United States · 2014

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3Cited by4 opinions

  1. Kelley v. Opportunity Finance, LLC (In re Petters Co.)United States Bankruptcy Court, D. Minnesota · 2016
  2. Kelley v. Opportunity Finance, LLC (In re Petters Co.)United States Bankruptcy Court, D. Minnesota · 2016
  3. SE Property Holdings, LLC v. Stewart (In re Stewart)United States Bankruptcy Court, W.D. Oklahoma · 2017
  4. Kelly v. Opportunity Finance, LLC (In re Petters Co.)United States Bankruptcy Court, D. Minnesota · 2016

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