Legal Opinion
In re Woodbridge Grp. of Cos.
United States Bankruptcy Court, D. Delaware
Decided June 20, 2018No. 17-12560PublishedCited by 5 opinions
1Opinion of the Court
BY: KEVIN J. CAREY, UNITED STATES BANKRUPTCY JUDGE
Before the Court is the Debtors' Objection to Contrarian Funds, LLC's ("Contrarian") Proof of Claim No. 1216 (the "Claim Objection"). At issue is: (I) whether an anti-assignment clause contained in a promissory note is a valid restriction on assignment rights under Delaware law;3 (II) whether a non-breaching party to a promissory note in payment default is still bound by an anti-assignment clause while also seeking to enforce the note in bankruptcy through a proof of claim; and (III) whether the Uniform Commercial Code ("UCC") overrides and…
2Cases cited11 opinions
- Marx v. General Revenue Corp.Supreme Court of the United States · 2013
- Bel-Ray Company, Inc. v. Chemrite (Pty) Ltd.Court of Appeals for the Third Circuit · 1999
- Chilton Insurance Co. v. Pate & Pate Enterprises, Inc., Texas Court of Appeals, 4th District (San Antonio)1996
- Rumbin v. Utica Mutual InsuranceSupreme Court of Connecticut · 2000
- BioLife Solutions, Inc. v. Endocare, Inc.Court of Chancery of Delaware · 2003
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3Cited by5 opinions
- BRDL, LLC VS. RD LEGAL FUNDING, LLC (L-3019-18, BERGEN COUNTY AND STATEWIDE)New Jersey Superior Court Appellate Division · 2021
- In re: Woodbridge Group of Companies, LLCDistrict Court, D. Delaware · 2019
- PVP Aston, LLC v. Financial Structures LimitedSuperior Court of Delaware · 2022
- Partner Reinsurance Company Ltd. v.RPM Mortgage, Inc.et alDistrict Court, S.D. New York · 2021
- SRC Liquidation, LLCUnited States Bankruptcy Court, D. Delaware · 2019