Legal Opinion

Food Management Group, LLC v. Matrix Realty Group, Inc. (In Re Food Management Group, LLC)

United States Bankruptcy Court, S.D. New York

Decided July 25, 2007No. 19-22470PublishedCited by 6 opinions

1Opinion of the Court

ADLAI S. HARDIN, JR., Bankruptcy Judge.

Table of Contents

Page

Jurisdiction.176

The Facts.176(a) Background — the Gianopoulos factor.176(b) Preparations for an auction of the franchised properties.177(c) Stalking horse bidders; adjournment of the auction.178(d) The Matrix Contract; cancellation of the auction.179(e) The Matrix/ZPG relationship.180(f) Sale “as is, where is”; disclaimers .181(g) Dunkin’ Donuts’ conditional approval of Matrix.184(h) Matrix’ repudiation of the Contract.186(i) Sale of the assets to The Beekman Group.188

Discussion.188

I. Elements of plaintiffs’ claim.188

A. The existence…

2Cases cited34 opinions

  1. Edward E. Lucente, Plaintiff-Appellee-Cross-Appellant v. International Business MacHines Corporation, Defendant-Appellant-Cross-AppelleeCourt of Appeals for the Second Circuit · 2002
  2. Rexnord Holdings, Inc. v. Maurice BidermannCourt of Appeals for the Second Circuit · 1994
  3. R. H. Stearns Co. v. United StatesSupreme Court of the United States · 1934
  4. Kirke La Shelle Co. v. Paul Armstrong Co.New York Court of Appeals · 1933
  5. Columbus Railway, Power & Light Co. v. City of ColumbusSupreme Court of the United States · 1919

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3Cited by6 opinions

  1. Grubin v. Rattet (In Re Food Management Group, LLC)United States Bankruptcy Court, S.D. New York · 2008
  2. Park Properties Associates, L.P. v. United StatesUnited States Court of Federal Claims · 2008
  3. Salkin v. Palm Beach International, Inc. (In Re Maxko Petroleum, LLC)United States Bankruptcy Court, S.D. Florida. · 2010
  4. Brown Publishing Co. v. Brown Media Corp. (In re Brown Publishing Co.)United States Bankruptcy Court, E.D. New York · 2013
  5. In Re Asia Global Crossing, Ltd.United States Bankruptcy Court, S.D. New York · 2007

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