Randall Waldman v. Ronald Stone
Court of Appeals for the Sixth Circuit
1Opinion of the Court
OPINION
KETHLEDGE, Circuit Judge.
Ron Stone, a Chapter 11 debtor-in-possession, brought this adversarial proceeding in bankruptcy court against his principal creditor, Randall Waldman. After a trial, the bankruptcy court found that Waldman had obtained nearly all of Stone’s business assets by means of fraud. As relief, the court discharged the debts that Stone owed to Waldman, and awarded Stone more than $3 million in compensatory and punitive damages. Waldman now challenges the bankruptcy court’s judgment on several grounds, including that the court lacked constitutional authority to enter it.…
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