Legal Opinion

Maxwell Macmillan Realization Liquidating Trust v. Aboff (In re Macmillan, Inc.)

United States Bankruptcy Court, S.D. New York

Decided January 17, 1997No. Bankruptcy No. 93 B 45625 (TLB), 93 B 44970 (TLB), and 93 B 44971 (TLB); Ad. Nos. 94-9495A (TLB), 94-8496A (TLB)PublishedCited by 4 opinions

1Opinion of the Court

DECISION ON ALLEGED EMPLOYMENT CONTRACT AND DEBTORS’ COUNTERCLAIMS

TINA L. BROZMAN, Chief Judge.

Sometime in 1991, the'year in which the empire of the late Robert Maxwell (“Maxwell”) subsequently faltered, his son Kevin signed a brief but unusual letter agreement with Sheldon Aboff, the Maxwells’ U.S. man on the spot, which guaranteed Aboff, who was in his early forties, lifetime employment and, when he was terminated, entitled him to some $23 million — money which Aboff is now seeking. Despite its extraordinary nature, this letter never stated which of the Max-wells’ hundreds of companies was…

2Cases cited47 opinions

  1. Baxter v. PalmigianoSupreme Court of the United States · 1976
  2. Mastrobuono v. Shearson Lehman Hutton, Inc.Supreme Court of the United States · 1995
  3. James M. Cronin v. Aetna Life Insurance CompanyCourt of Appeals for the Second Circuit · 1995
  4. Painewebber Incorporated v. Michael J. Bybyk and Joyce O. BybykCourt of Appeals for the Second Circuit · 1996
  5. Hunt Ltd. v. Lifschultz Fast Freight, Inc.Court of Appeals for the Second Circuit · 1989

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3Cited by4 opinions

  1. Securities Investor Protection Corp. v. Stratton Oakmont, Inc.United States Bankruptcy Court, S.D. New York · 1999
  2. In re AMR Corp.United States Bankruptcy Court, S.D. New York · 2016
  3. Dilek v. Watson Enterprises, Inc.District Court, S.D. New York · 2012
  4. In Re MacMillan, Inc.United States Bankruptcy Court, S.D. New York · 1997

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