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Monday, December 05, 2005

Super Robot Bankruptcy Case Hyperforce, Go!

U.S. 1st Circuit Court of Appeals
Summary judgment for defendant in a claim arising from inaccurate valuation of assets used by plaintiff as security for a loan is reversed where District Court erred in concluding that defendant's asset valuation was gratuitous.
U.S. 5th Circuit Court of Appeals
Where the Bankruptcy Court found no conflict of interest in the appointment of Special Counsel, and where that same Special Counsel was later alleged to have acquired assets of the debtor to the debtor’s detriment, the Bankruptcy Court's grant of Attorneys' Fees against that Special Counsel is reversed; the Bankrupcty Court abused its discretion by finding no conflict of interest to begin with.

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