Legal Opinion

Koken v. Reliance Group Holdings, Inc. (In Re Reliance Group Holdings, Inc.)

United States Bankruptcy Court, E.D. Pennsylvania

Decided February 22, 2002No. 90-13174PublishedCited by 41 opinions

1Opinion of the Court

OPINION

KEVIN J. CAREY, Bankruptcy Judge.

J. BACKGROUND 1

A. The Parties.

Reliance Group Holdings, Inc. (“RGH” or the “Debtor”) is a Delaware corporation that owns all the stock of Reliance Financial Services Corporation (“Reliance Financial”), which, in turn, owns all the stock of Reliance Insurance Company (“RIC”). RIC is a property and casualty insurer organized under the laws of the Commonwealth of Pennsylvania. 2 RIC is domiciled in Pennsylvania and has its principal place of business in New York. 3

In past years, RGH’s largest source of operating income came from RIC, through Reliance…

2Cases cited77 opinions

  1. Butner v. United StatesSupreme Court of the United States · 1979
  2. Northern Pipeline Construction Co. v. Marathon Pipe Line Co.Supreme Court of the United States · 1982
  3. Burford v. Sun Oil Co.Supreme Court of the United States · 1943
  4. Quackenbush v. Allstate InsuranceSupreme Court of the United States · 1996
  5. In Re Pacor, Inc. v. John Higgins, Jr. And Louise HigginsCourt of Appeals for the Third Circuit · 1984

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3Cited by41 opinions

  1. Bricker v. MartinDistrict Court, W.D. Pennsylvania · 2006
  2. Schroeder v. New Century Holdings, Inc. (In Re New Century Holdings, Inc.)United States Bankruptcy Court, D. Delaware · 2008
  3. Kraken Investments Ltd. v. Jacobs (In re Salander-O'reilly Galleries, LLC)District Court, S.D. New York · 2012
  4. In Re First Assured Warranty Corp.United States Bankruptcy Court, D. Colorado · 2008
  5. City & County of San Francisco v. PG & E Corp.Court of Appeals for the Ninth Circuit · 2006

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