· 3/29/2012
Weisfelner v. Blavatnik (In Re Lyondell Chemical Co.)
Citations
- 467 B.R. 712
- 2012 WL 1038749
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- holding that “fraudulent conveyance actions . . . are quintessentially suits at common law that more nearly resemble state- law contract claims,” and are therefore “matter[s] of private right.” (internal quotation marks and citations omitted)
- noting that “fraudulent conveyance . . . claims do not fall within the public rights exception”
- noting that implied consent is insufficient under Federal Rule of Bankruptcy Procedure 7012(b), which requires express consent for a bankruptcy court to enter final judgment in non-core matters
- finding that efficiency considerations weighed against withdrawal because the district court “ha[d] not performed any work on the outstanding motions, presided over any pretrial proceedings, or overseen any discovery or motion practice”
- denying motion to withdraw the reference where motions for summary judgment were pending and noting that “[i]f and when the defendants assert their jury trial rights and/or the case proceeds to trial, then, the defendants are free to move for withdrawal a second time”
- “The bankruptcy court’s authority to enter final judgment on claims is not determinative in deciding whether to withdraw the reference.... ”
Source: CourtListener parenthetical corpus (CC0).
Judges: Denise Cote
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.