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Monday, September 11, 2006

Cases ahoy

2nd Circuit Liberte Capital Group, LLC v. Capwill (09/05/06 - No. 05-3510) An order finding insurers in contempt of court for violations of previously issued injunctions in a receivership case over the assets of former viatical settlement companies and their trustees is affirmed where there was no abuse of discretion in the order since a Delaware suit violated prior district court orders, and the inclusion of a party was solely for the improper purpose of defeating diversity. 7th Circuit In Re: Globe Building Materials (09/08/06 - No. 05-3738) Summary judgment for bankruptcy trustee in a suit by the State of Wisconsin to enforce a wage lien on the bankrupt company's assets after a liquidation sale had occurred is affirmed where the lien was avoidable since the state statute did not create a right of enforcement against a bona fide purchase"

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