Legal Opinion
In Re Downey Financial Corp.
United States Bankruptcy Court, D. Delaware
Decided May 7, 2010No. 19-10403PublishedCited by 20 opinions
1Opinion of the Court
OPINION 1
CHRISTOPHER J. SONTCHI, Bankruptcy Judge.
INTRODUCTION
The first issue before the Court is whether the proceeds of a directors and officers (D & 0) liability insurance policy are property of the estate. If the policy proceeds are property of the estate, the Court must decide: (1) whether cause exists to lift the automatic stay to allow the insured directors and officers to access the policy proceeds; and (2) whether the trustee’s various professional responsibility claims are properly before the Court.
For the reasons set forth below, the Court holds that the policy proceeds in this…
2Cases cited20 opinions
- In Re Robert Frank-Leonard Wilson, Debtor. Lisa Baldino v. Robert Frank-Leonard Wilson Bunce D. Atkinson, TrusteeCourt of Appeals for the Third Circuit · 1997
- Estate Of Roger LellockCourt of Appeals for the Third Circuit · 1987
- Integrated Solutions, Inc. v. Service Support Specialties, Inc.Court of Appeals for the Third Circuit · 1997
- Homsy v. Floyd (In Re Vitek, Inc.)Court of Appeals for the Fifth Circuit · 1995
- Acands, Inc. v. Travelers Casualty and Surety CompanyCourt of Appeals for the Third Circuit · 2006
15 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- In re W.R. Grace & Co.District Court, D. Delaware · 2012
- In Re MF Global Holdings Ltd.United States Bankruptcy Court, S.D. New York · 2012
- In Re Aleris International, Inc.United States Bankruptcy Court, D. Delaware · 2011
- Delaware Trust Co. v. Energy Future Intermediate Holding Co. (In re Energy Future Holdings Corp.)United States Bankruptcy Court, D. Delaware · 2015
- In Re Beach First National Bancshares, Inc.United States Bankruptcy Court, D. South Carolina · 2011
15 more not listed; retrieve them via the Exa API.