Legal Opinion
In Re Northwest Airlines Corp.
United States Bankruptcy Court, S.D. New York
Decided September 5, 2008No. 19-22456PublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM OF OPINION
ALLAN L. GROPPER, Bankruptcy Judge.
Before the Court is the objection of the reorganized debtors (collectively, the “Debtors”) and BAE Systems (Funding One) Limited (“BAE”) to claim 3995 (the “GFCC Claim”) filed by General Foods Credit Corporation (“GFCC”). The issue raised is whether GFCC, as the Owner Participant in a leveraged lease transaction, can recover on tax indemnification agreements it entered into with one of the Debtors. The Debtors and BAE contend that a clause in the applicable contracts relieves the Debtors of liability. For the reasons set forth below, the…
2Cases cited36 opinions
- Butner v. United StatesSupreme Court of the United States · 1979
- Greenfield v. Philles Records, Inc.New York Court of Appeals · 2002
- Travelers Casualty & Surety Co. of America v. Pacific Gas & Electric Co.Supreme Court of the United States · 2007
- Raleigh v. Illinois Department of RevenueSupreme Court of the United States · 2000
- Lightfoot v. Union Carbide Corp.Court of Appeals for the Second Circuit · 1997
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3Cited by3 opinions
- In Re Metaldyne Corp.United States Bankruptcy Court, S.D. New York · 2009
- In Re Jennifer Convertibles, Inc.United States Bankruptcy Court, S.D. New York · 2011
- Harley-Davidson Credit v. Galvin, et al.District Court, D. New Hampshire · 2014