In Re: Lan Associates Xi, L.P. Patricia A. Staiano, United States Trustee v. James J. Cain, Trustee for Lan Associates Xi, L.P.
Court of Appeals for the Third Circuit
1Opinion of the Court
OPINION OF THE COURT
McKAY, Circuit Judge.
The standing trustee in this matter, Appellant James J. Cain, appeals from a district court order which reversed a bankruptcy court award of final compensation in the amount of $184,888.25 and $999.40 in costs. Based on the language of 11 U.S.C. § 326(a), the district court held that the trustee should not have received compensation based on a $7,781,200.00 credit bid sale. The district court also determined that the bankruptcy court erred in considering factors other than those enumerated in 11 U.S.C. § 330(a) in determining the trustee’s fee. The…
2Cases cited40 opinions
- Johnson v. Georgia Highway Express, Inc.Court of Appeals for the Fifth Circuit · 1974
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- Adams Fruit Co. v. BarrettSupreme Court of the United States · 1990
- In Re Busy Beaver Building Centers, Inc. Kirkpatrick & LockhartCourt of Appeals for the Third Circuit · 1994
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