In Re Jazz Photo Corp.
United States Bankruptcy Court, D. New Jersey
1Opinion of the Court
OPINION
MORRIS STERN, Bankruptcy Judge.
I. Background
Sanctions are sought against both a creditor and its counsel who are accused of filing and pursuing, out of ill-will and without reasonable factual underpinnings, a motion to have a Chapter 11 trustee appointed.
Jazz Photo Corp. (“Jazz”) and its operating principal, Jack Benun, 1 were driven into Chapter 11 bankruptcy cases by an unrelenting creditor-competitor, Fuji Photo Film Co., Ltd. (“Fuji”). The critical and immediately precipitating event causing the debtors’ filings in this court was the entry of a judgment against them for…
2Cases cited45 opinions
- Cooter & Gell v. Hartmarx Corp.Supreme Court of the United States · 1990
- Business Guides, Inc. v. Chromatic Communications Enterprises, Inc.Supreme Court of the United States · 1991
- Pavelic & LeFlore v. Marvel Entertainment Group, Div. of Cadence Industries Corp.Supreme Court of the United States · 1990
- Lloyd Lieb, Trading as Specialized Cassettes v. Topstone Industries, Inc., and D. Robbins & Co., Inc.Court of Appeals for the Third Circuit · 1986
- Stephen Michael Ridder v. City of Springfield, Clark CountyCourt of Appeals for the Sixth Circuit · 1997
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3Cited by11 opinions
- In Re Schaefer Salt Recovery, Inc.Court of Appeals for the Third Circuit · 2008
- In re Coquico, Inc.United States Bankruptcy Court, E.D. Pennsylvania · 2014
- In re FreemanUnited States Bankruptcy Court, E.D. Pennsylvania · 2015
- In re LisseUnited States Bankruptcy Court, W.D. Wisconsin · 2017
- Fuji Photo Film Co. v. Benun (In Re Benun)United States Bankruptcy Court, D. New Jersey · 2008
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