Legal Opinion
CDI Trust v. U.S. Electronics, Inc. (In Re Communication Dynamics, Inc.)
United States Bankruptcy Court, D. Delaware
Decided February 21, 2008No. 17-12782PublishedCited by 13 opinions
1Opinion of the Court
OPINION 1
MARY F. WALRATH, Bankruptcy Judge.
Before the Court is the Motion for Summary Judgment filed by the CDI Trust (the “Trust”) on Counts I through IV of its Complaint seeking to collect $4,435,725 due under two notes from U.S. Electronics, Inc., n/k/a ICX Global, Inc. (“ICX”). ICX opposes the Motion. For the reasons stated below, the Court will deny the Motion.
I. BACKGROUND
On May 8, 2002, Communications Dynamics, Inc. (“CDI”) and its subsidiary, U.S. Electronics, Inc. (“USE Delaware”) entered into an asset purchase agreement (the “APA”) with USE Acquisition, LLC (the predecessor to ICX)…
2Cases cited42 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Johnson v. ZerbstSupreme Court of the United States · 1938
- United States v. Diebold, Inc.Supreme Court of the United States · 1962
- Bob Jones University v. United StatesSupreme Court of the United States · 1983
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3Cited by13 opinions
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- HHI FormTech, LLC v. Magna Powertrain USA, Inc. (In Re FormTech Industries, LLC)United States Bankruptcy Court, D. Delaware · 2010
- Kapila v. H.J. Heinz Co. (In Re Trafford Distributing Center, Inc.)United States Bankruptcy Court, S.D. Florida. · 2009
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