Autobacs Strauss, Inc. v. Autobacs Seven Co. (In re Autobacs Strauss, Inc.)
United States Bankruptcy Court, D. Delaware
1Opinion of the Court
OPINION 1
CHRISTOPHER S. SONTCHI, Bankruptcy Judge.
INTRODUCTION
This adversary proceeding arises in the third Chapter 11 bankruptcy of a chain of stores providing automotive parts and services doing business as “Strauss Discount Auto.” In 2007, through the plan of reorganization in the second Chapter 11 case, a Japanese company known as “AB7”— through two of its newly-formed subsidiaries — purchased the Strauss business for approximately $45 million. AB7 funded its subsidiaries’ purchase of the assets. In its simplest terms, this dispute is over whether, (i) as plaintiffs argue, AB7’s funding…
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