Published on:

2nd cir cases

In Re: Iridium Operating LLC (03/05/07 – No. 05-2236)
The most important factor to consider in approving a pre-Chapter 11 settlement agreement under Bankr. R. 9019 is whether it would distribute assets of the estate in accordance with the code’s priority scheme.
EDP Med. Computer Sys., Inc. v. US (03/09/07 – No. 06-0106)
The Order of a Bankruptcy Court allowing an uncontested proof of claim to stand constitutes a “final judgment on the merits” and prevents any contrary contentions under the theory of res judicata. In this case, once the government filed its tax claim without objection, another party could not seek a different outcome later on in the proceedings.

Published on:
Updated: