Legal Opinion
Official Committee of Unsecured Creditors of Motors Liquidation Co. v. JPMorgan Chase Bank, N.A.
Supreme Court of Delaware
Decided October 17, 2014No. 325, 2014PublishedCited by 22 opinions
1Opinion of the Court
STRINE, Chief Justice:
I. INTRODUCTION
The United States Court of Appeals for the Second Circuit (“Second Circuit”) has certified the following question of law important to a dispute pending before it:
Under UCC Article 9, as adopted into Delaware law by DeLCode Ann. tit. 6, art. 9, for a UCC-3 termination statement to effectively extinguish the perfected nature of a UCC-1 financing statement, is it enough that the secured lender review and knowingly approve for filing a UCC-3 purporting to extinguish the perfected security interest, or must the secured lender intend to terminate the particular…
2Cases cited12 opinions
- Stifel Financial Corp. v. CochranSupreme Court of Delaware · 2002
- Boilermakers Local 154 Retirement Fund v. Chevron Corp.Court of Chancery of Delaware · 2013
- Leatherbury v. GreenspunSupreme Court of Delaware · 2007
- HMG/Courtland Properties, Inc. v. GrayCourt of Chancery of Delaware · 1999
- Official Committee of Unsecured Creditors of Motors Liquidation Co. v. JPMorgan Chase Bank, N.A. (In re Motors Liquidation Co.)United States Bankruptcy Court, S.D. New York · 2013
7 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Nationwide Emerging Managers, LLC v. Northpointe Holdings, LLCSupreme Court of Delaware · 2015
- In re Motors Liquidation Co.United States Bankruptcy Court, S.D. New York · 2015
- Motors Liquidation Co. v. JP Morgan Chase Bank, N.A.Court of Appeals for the Second Circuit · 2015
- Espinoza v. DimonSupreme Court of Delaware · 2015
- AHW Investment Partnership v. Citigroup Inc.Court of Appeals for the Second Circuit · 2015
17 more not listed; retrieve them via the Exa API.