Official Committee of Unsecured Creditors of Maxwell Newspapers, Inc. v. MacMillan, Inc. (In Re Maxwell Newspapers, Inc.)
United States Bankruptcy Court, S.D. New York
1Opinion of the Court
OPINION
TINA L. BROZMAN, Bankruptcy Judge.
Some time ago I ruled that Maxwell Newspapers, Inc. (“Maxwell Newspapers”), a chapter 11 debtor, was not liable to Mirror Group Newspapers, pic and certain of its affiliates (collectively, “MGN”) for the diversion of MGN’s assets to Maxwell Newspapers by their common principals because the diverted assets were promptly transferred to still other entities controlled by the principals without any benefit accruing to Maxwell Newspapers. These transfers in and out of Maxwell Newspapers’ account occurred over a particular four-day span. Now, the assignees…
2Cases cited24 opinions
- Allen v. McCurrySupreme Court of the United States · 1980
- Montana v. United StatesSupreme Court of the United States · 1979
- Davis v. WakeleeSupreme Court of the United States · 1895
- Burgos v. HopkinsCourt of Appeals for the Second Circuit · 1994
- Samuel C. Balderman, M.D. v. United States Veterans Administration and Veterans Administration Medical CenterCourt of Appeals for the Second Circuit · 1989
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- In Re Venture Mortgage Fund, L.P.United States Bankruptcy Court, S.D. New York · 2000
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