Legal Opinion

Cobalis Corp. v. YA Global Investments LP (In Re Cobalis Corp.)

Court of Appeals for the Ninth Circuit

Decided February 23, 2016No. 14-56676Unpublished

1Opinion of the Court

MEMORANDUM **

Appellants Cobalis Corporation and Montenegrex appeal from the district court’s order affirming the bankruptcy court’s dismissal of Cobalis’ adversary proceeding against Appellees YA Global Investments LP and Weneta M.A. Kosmala. As the parties are familiar with the facts, we do not recount them here. We affirm. 1

1. In 2006, Cobalis agreed to borrow $3.85 million from YA Global. In 2007, after Cobalis failed to comply with the terms of the financing agreement, YA Global filed involuntary Chapter 7 bankruptcy proceedings against Cobalis. Co-balis converted the case to Chapter 11,…

2Cases cited7 opinions

Lawrence Hamilton v. State Farm Fire & Casualty Company, an Illinois Corporation David's Restaurant SupplyCourt of Appeals for the Ninth Circuit · 2001
Motor Vehicle Casualty Co. v. Thorpe Insulation Co. (In Re Thorpe Insulation Co.)Court of Appeals for the Ninth Circuit · 2012
Kelley v. South Bay Bank (In Re Kelley)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1996
Gail C. Hass and Michael Hass v. Darigold Dairy Products Co., and Teamsters Union, Local 66Court of Appeals for the Ninth Circuit · 1985
In re GeorgeCourt of Appeals for the Ninth Circuit · 2003

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