Legal Opinion
Motors Liquidation Co. Avoidance Action Trust v. JPMorgan Chase Bank, N.A. (In re Motors Liquidation Co.)
United States Bankruptcy Court, S.D. New York
Decided January 29, 2019No. Case No. 09-50026 (MG) (Jointly Administered); Adversary Proceeding Case No. 09-00504 (MG)PublishedCited by 1 opinion
1Opinion of the Court
MARTIN GLENN, UNITED STATES BANKRUPTCY JUDGE
*777At the time General Motors Corporation ("Old GM") filed for bankruptcy on June 1, 2009, it was believed that the defendants in this action, JPMorgan Chase Bank, N.A. (the agent bank and a term lender) and various other financial institutions (collectively, the "Term Lenders") held a fully secured claim. Shortly thereafter, it was discovered that a UCC-3 termination statement ("2008 Termination Statement") purporting to terminate the main lien securing the Term Lenders' loan (the "Term Loan") had been filed by mistake in 2008. While this created…
2Cases cited24 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Hicks v. BainesCourt of Appeals for the Second Circuit · 2010
- Wright v. GoordCourt of Appeals for the Second Circuit · 2009
- Holcomb v. Iona CollegeCourt of Appeals for the Second Circuit · 2008
19 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Geron, Chapter 7 Trustee v. SavorettiUnited States Bankruptcy Court, S.D. New York · 2025