Legal Opinion
In Re Lenco, Inc.
United States Bankruptcy Court, E.D. Missouri
Decided July 5, 1990No. 11-47267PublishedCited by 13 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
BARRY S. SCHERMER, Bankruptcy Judge.
INTRODUCTION
Pursuant to section 510(b) of the Bankruptcy Code, the Unsecured Creditors Committee (the “Committee”) filed a motion to subordinate the claim of the United States Department of Labor (the “DOL”), which it brought on behalf of the Lenco, Incorporated Employees' Stock Ownership Plan and Trust (the “ESOP”) 1 The DOL argues that because its claim is related to the ESOP’s subsequent purchase of Lenco stock from a third party rather than an original issuance of the stock, it may not be subordinated pursuant to In re…
2Cases cited3 opinions
- Limited Partners' Committee of Amarex, Inc. v. Official Trade Creditors' Committee of Amarex, Inc. (In Re Amarex, Inc.)District Court, W.D. Oklahoma · 1987
- In Re Thc Financial Corp.Court of Appeals for the Ninth Circuit · 1982
- In Re Amarex, Inc.United States Bankruptcy Court, W.D. Oklahoma · 1985
3Cited by13 opinions
- In Re Telegroup, Inc. Baroda Hill Investments, Ltd. Leheron Corporation, Ltd. Kimble John Winter v. Telegroup, IncCourt of Appeals for the Third Circuit · 2002
- Allen v. Geneva Steel CompanyCourt of Appeals for the Tenth Circuit · 2002
- In Re Granite Partners, L.P.United States Bankruptcy Court, S.D. New York · 1997
- In Re Drexel Burnham Lambert Group, Inc.United States Bankruptcy Court, S.D. New York · 1992
- In Re Public Service Co. of New HampshireUnited States Bankruptcy Court, D. New Hampshire · 1991
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