Arkansas v. Federated Department Stores, Inc.

OPINION AND ORDER

GRAHAM, District Judge.

The States of Arkansas, Colorado, Connecticut, Delaware, Idaho, Illinois, Indiana, Iowa, Maine, Missouri, Montana, New Jersey, New York, North Carolina, North Dakota, Pennsylvania, Utah and Washington (collectively, “States”) appeal from a bankruptcy court order granting the Debtors’ objection to the States’ proofs of claim under the States’ abandoned property laws. The central issue in this case is whether the bankruptcy court erred in concluding that certain provisions of the Bankruptcy Code preempt the States’ abandoned property laws. This Court has…