Legal Opinion

O'Connell v. Arthur Andersen LLP (In Re AlphaStar Insurance Group Ltd.)

United States Bankruptcy Court, S.D. New York

Decided February 19, 2008No. 18-13931PublishedCited by 25 opinions

1Opinion of the Court

MEMORANDUM DECISION GRANTING IN PART AND DENYING IN PART THE MOTIONS TO DISMISS THE AMENDED COMPLAINT

STUART M. BERNSTEIN, Chief Judge.

This lawsuit arose out of the collapse and eventual bankruptcy of AlphaStar Insurance Group Ltd. (“AlphaStar”), and its numerous subsidiaries. Richard E. O’Con-nell, the chapter 7 trustee (the “Trustee”), commenced this adversary proceeding, inter alia, against AlphaStar’s former officers and directors, Arthur Andersen LLP, and several entities affiliated with Goldman Sachs (as defined below). The thrust of the allegations in the Trustee’s 121 page, 656…

2Cases cited83 opinions

  1. Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
  2. Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
  3. Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
  4. Leatherman v. Tarrant County Narcotics Intelligence and Coordination UnitSupreme Court of the United States · 1993
  5. Whitmore Ex Rel. Simmons v. ArkansasSupreme Court of the United States · 1990

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3Cited by25 opinions

  1. Gowan v. Patriot Group, LLC (In Re Dreier LLP)United States Bankruptcy Court, S.D. New York · 2011
  2. Official Committee of Unsecured Creditors v. Bay Harbour Master Ltd. (In Re BH S & B Holdings LLC)United States Bankruptcy Court, S.D. New York · 2009
  3. Pereira v. Grecogas Ltd. (In Re Saba Enterprises, Inc.)United States Bankruptcy Court, S.D. New York · 2009
  4. Buchwald v. Renco Group, Inc. (In Re Magnesium Corp.)United States Bankruptcy Court, S.D. New York · 2009
  5. Silverman v. H.I.L. Associates Ltd. (In Re Allou Distributors, Inc.)United States Bankruptcy Court, E.D. New York · 2008

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