Maxwell v. Novell, Inc. (In Re Marchfirst, Inc.)
United States Bankruptcy Court, N.D. Illinois
1Opinion of the Court
MEMORANDUM OPINION
A. BENJAMIN GOLDGAR, Bankruptcy Judge.
This matter is before the court for ruling on the motion of plaintiff Andrew J. Maxwell, chapter 7 trustee, for judgment on the pleadings on Count I of his adversary complaint against defendant Novell, Inc. In that count, Maxwell alleges that Novell’s Claim No. 4524 is a claim for damages arising from the purchase or sale of a security of debtor marehFirst, Inc. and therefore must be subordinated to all senior or equal claims pursuant to section 510(b) of the Bankruptcy Code, 11 U.S.C. § 510(b). For the reasons that follow, Maxwell’s…
2Cases cited38 opinions
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- United States v. Randall K. WoodCourt of Appeals for the Seventh Circuit · 1991
- 26 Collier bankr.cas.2d 663, Bankr. L. Rep. P 74,447 in Re Allegheny International, Inc. J. Daniel SnyderCourt of Appeals for the Third Circuit · 1992
- Julie Alexander, Carmel G. Abbate, Bozeman Anderson v. City of Chicago, a Municipal CorporationCourt of Appeals for the Seventh Circuit · 1993
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