In Re De Laurentiis Entertainment Group Inc., a Delaware Corporation, Debtor. Carolco Television Inc. v. National Broadcasting Co.
Court of Appeals for the Ninth Circuit
1Opinion of the Court
D.W. NELSON, Circuit Judge:
OVERVIEW
De Laurentiis Entertainment Group (“DEG”) contracted through an intermediary to purchase advertising from National Broadcasting Co. (“NBC”). DEG filed for bankruptcy under Chapter 11 without having paid for this advertising. DEG was reorganized through a series of steps into Carolco Television, Inc. (“CTI”), which emerged from bankruptcy. When CTI sued NBC on a pre-bankruptcy debt, NBC asserted the advertising debt as a setoff against CTI’s claim. The bankruptcy court granted summary judgment for NBC, concluding that it was entitled to recover the…
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