Legal Opinion

Trans World Airlines, Inc. v. Icahn (In Re Trans World Airlines, Inc.)

United States Bankruptcy Court, D. Delaware

Decided March 19, 2002No. 19-10305PublishedCited by 15 opinions

1Opinion of the Court

MEMORANDUM OPINION

PETER J. WALSH, Bankruptcy Judge.

Before the court is the motion (Doc. # 3) of Carl Icahn, Karabu Corp., Lowest-fare.com, Inc., Global Discount Travel Services, LLC, and High River Limited Partnership (collectively, “Icahn Entities” or “Defendants”) 1 to dismiss the complaint (“Complaint”) of Trans Word Airlines, Inc. and its subsidiaries (collectively, “TWA”) 2 . I will grant the motion for the reasons discussed below.

BACKGROUND

In 1993, the Icahn Entities loaned TWA approximately $200 million in secured financing (“Icahn Loan”) to facilitate TWA’s exit from its first chapter…

2Cases cited12 opinions

In Re Pacor, Inc. v. John Higgins, Jr. And Louise HigginsCourt of Appeals for the Third Circuit · 1984
In Re Billie Lamont Gardner, Debtor. Terryl A. Gardner v. United States of America, and William H. Zimmerman, Jr., TrusteeCourt of Appeals for the Tenth Circuit · 1990
Phillip E. Beard, Trustee for Greater Pittsburgh Business Development Corp. v. Melvin A. Braunstein, an Individual, D/B/A M.A. Braunstein Co.Court of Appeals for the Third Circuit · 1990
In Re the Guild and Gallery Plus, Inc., Debtor. John B. Torkelsen v. Carmen J. MaggioCourt of Appeals for the Third Circuit · 1996
18 Collier bankr.cas.2d 34, Bankr. L. Rep. P 72,032, 5 Ucc rep.serv.2d 354 in Re Meyertech Corp., Debtor. Southeastern Sprinkler Company, Inc. v. Meyertech CorpCourt of Appeals for the Third Circuit · 1987

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3Cited by15 opinions

In Re Exide TechnologiesCourt of Appeals for the Third Circuit · 2008
LaRoche Industries, Inc. v. Orica Nitrogen LLC (In Re LaRoche Industries, Inc.)United States Bankruptcy Court, D. Delaware · 2004
Allen v. JK HARRIS & CO., LLCDistrict Court, E.D. Pennsylvania · 2005
Republic Underwriters Insurance v. DBSI Republic, LLC (In Re DBSI, Inc.)United States Bankruptcy Court, D. Delaware · 2009
New Jersey Department of Environmental Protection v. Occidental Chemical Corp. (In re Maxus Energy Corp.)United States Bankruptcy Court, D. Delaware · 2016

10 more not listed; retrieve them via the Exa API.