In re GEC industries, Inc.
Jan 01, 1990OUTCOME: Motion denied
Court denied motion to reject product warranties as unexpired executory contracts, holding instead that potential warranty claims were dischargeagble claims
Center Valley, PA
Litigation Lawyer at Center Valley, PA
Practice Areas: Litigation, Chapter 11 Bankruptcy ... +8 more
OUTCOME: Motion denied
Court denied motion to reject product warranties as unexpired executory contracts, holding instead that potential warranty claims were dischargeagble claims
OUTCOME: motion granted in part
The Court detailed the circumstances under which a bankruptcy court applying Pennsylvania law would compel equitable marshalling of assets whereby a secured creditor could first be compelled to look to ... a guarantor beofre satisfying its claim from corporate assets possibly available for the payment of unsecured claims.
OUTCOME:
Case addressed applicability of the automatic stay in bankruptcy to a case by the government seeking to recover clean-up costs under CERCLA.
OUTCOME: Summary Judgment in favor of client
Suit by former employee/physician asserting a variety of tort claims. Court granted summary judgment on all claims. The court also acknowledged and gave effect to an arbitration provision in the underl ... ying employment agreement.
OUTCOME: Summary Judgment entered in favor of clients
Suit seeking contribution from co-guarantors based upon alleged payment by other guarantor. Court addressed right of contribution among co-guarantors under Pennsylvania law and held plaintiff not entit ... led to recovery since his payment did not extinguish common liability or reduce exposure of defendants on their guaranties.