Legal Opinion

Ion Media Networks, Inc. v. Cyrus Select Opportunities Master Fund, Ltd. (In Re Ion Media Networks, Inc.)

United States Bankruptcy Court, S.D. New York

Decided November 24, 2009No. 19-35014PublishedCited by 17 opinions

1Opinion of the Court

MEMORANDUM DECISION

JAMES M. PECK, Bankruptcy Judge.

Introduction

Cyrus Select Opportunities Master Fund Ltd. (“Cyrus”) is an activist distressed investor that purchased certain deeply discounted second lien debt of ION Media Networks, Inc. (“ION,” together with its affiliated debtors, the “Debtors”) for pennies on the dollar. Throughout these cases and despite purported restrictions on its activities set forth in an inter-creditor agreement (the “Intercreditor Agreement”) between the first lien lenders (the “First Lien Lenders”) and the subordinated second lien lenders (the “Second Lien…

2Cases cited6 opinions

Kane v. Johns-Manville Corp. (In re Johns-Manville Corp.)Court of Appeals for the Second Circuit · 1988
In Re: Metromedia Fiber Network, Inc., Debtors. Deutsche Bank Ag, London Branch and Bear, Stearns & Co., Inc. v. Metromedia Fiber Network, Inc., Debtors-AppelleesCourt of Appeals for the Second Circuit · 2005
Bank of America v. North LaSalle Street Ltd. Partnership (In Re 203 North LaSalle Street Partnership)United States Bankruptcy Court, N.D. Illinois · 2000
Urban Communicators PCS Limited Partnership v. Gabriel Capital, LPDistrict Court, S.D. New York · 2008
Beatrice Foods Co. v. Hart Ski Mfg. Co. (In Re Hart Ski Mfg. Co.)United States Bankruptcy Court, D. Minnesota · 1980

1 more not listed; retrieve them via the Exa API.

3Cited by17 opinions

In Re Tci 2 Holdings, LLCUnited States Bankruptcy Court, D. New Jersey · 2010
In Re Boston Generating, LLCUnited States Bankruptcy Court, S.D. New York · 2010
U.S. Bank National Ass'n v. Wilmington Savings Fund Society (In re MPM Silicones, LLC)United States Bankruptcy Court, S.D. New York · 2015
In Re GSC, Inc.United States Bankruptcy Court, S.D. New York · 2011
In Re SW Boston Hotel Venture, LLCUnited States Bankruptcy Court, D. Massachusetts · 2011

12 more not listed; retrieve them via the Exa API.