SN Liquidation, Inc. v. Icon International, Inc. (In Re SN Liquidation, Inc.)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that proceeds of a policy were property of the estate where policy provided coverage to debtor and directors and officers and depletion of proceeds from payment of defense costs would adversely affect the debtor’s estate
• “Depletion of insurance proceeds which results from indemnification for defense costs would adversely affect the Debtors’ estate.”
• “[C]ourts have often extended protection to non-debtor defendants who were officers or directors. The rationale for such decisions is that a finding of liability against management defendants could have a preclusive effect, as collateral estoppel, against the debtors.”

Source: CourtListener parenthetical corpus (CC0).