Motorola, Inc. v. Official Committee of Unsecured Creditors
Court of Appeals for the Second Circuit
1Opinion of the Court
WESLEY, Circuit Judge:
There is little doubt that settlements of disputed claims facilitate the efficient functioning of the judicial system. In Chapter 11 bankruptcies, settlements also help clear a path for the efficient administration of the bankrupt estate, including any eventual plan of reorganization. Before pre-plan settlements can take effect, however, they must be approved by the bankruptcy court pursuant to Bankruptcy Rule 9019.
This case requires us to determine whether a long-standing creditor protection — the Bankruptcy Code’s priority scheme for reorganization plan distributions —…
2Cases cited18 opinions
- Protective Committee for Independent Stockholders of TMT Trailer Ferry, Inc. v. AndersonSupreme Court of the United States · 1968
- Northern Pacific Railway Co. v. BoydSupreme Court of the United States · 1913
- In Re Drexel Burnham Lambert Group, Inc.Court of Appeals for the First Circuit · 1992
- In Re Armstrong World Industries, Inc.Court of Appeals for the Third Circuit · 2005
- Statutory Committee of Unsecured Creditors Ex Rel. Iridium Operating LLC v. Motorola, Inc. (In Re Iridium Operating LLC)District Court, S.D. New York · 2002
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3Cited by15 opinions
- In Re Iridium Operating LLCCourt of Appeals for the Second Circuit · 2007
- In Re Chrysler LLCCourt of Appeals for the Second Circuit · 2009
- In re Dewey & LeBoeuf LLPUnited States Bankruptcy Court, S.D. New York · 2012
- In re KernerUnited States Bankruptcy Court, S.D. New York · 2019
- In re Sabine Oil & Gas Corp.United States Bankruptcy Court, S.D. New York · 2016
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