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Case of the Day: RCC Ventures v. Brandtone Holdings
The case of the day is RCC Ventures, LLC v. Brandtone Holdings, Ltd. (S.D.N.Y. 2017). RCC was in the business of introducing businesses to institutional lenders. Brandtone was an Irish firm with its offices in Dublin. RCC had a claim against Brandtone for money it claimed was due under an exclusive debt financing agreement. Brandtone……
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Case of the Day: In re Vivaro Corp.
The case of the day is In re Vivaro Corp. (Bankr. S.D.N.Y. 2015). Vivaro Corp. filed a Chapter 11 petition in the bankruptcy court in 2012. Breezecom FZC and several other parties filed claims in the bankruptcy case, and Vivaro objected to the claims. There is a split in authority on how objections to claims……
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Case of the Day: Munoz v. Boyard
The case of the day is Munoz v. Boyard (Bankr. E.D.N.Y. 2015). Regis Munoz was a French inventor. He had developed a new battery charger, and he needed capital. So he entered into a partnership agreement with Crisor A. Boyard, under which Boyard would produce and market the invention. Munoz transferred his rights in the……
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Case of the Day: LV Highland Credit Feeder Fund v. Highland Credit Strategies Fund
The case of the day is LV Highland Credit Feeder Fund LLC v. Highland Strategies Fund, LP (Tex. Ct. App. 2015). The plaintiffs were investors in either Highland Credit Strategies Fund, LP, a Delaware limited partnership, or Highland Credit Strategies Fund, Ltd., a Bermuda mutual fund company. The defendants were the two funds as well……
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Case of the Day: Stichting Shell Pensionenfonds v. Krys
The case of the day is Stichting Shell Pensionenfonds v. Krys [2014] UKPC 41. Shell, a Dutch pension fund, had invested in shares of Fairfield Sentry Ltd., a BVI mutual fund and the largest “feeder fund” for Bernard L. Madoff Investment Securities LLC, which needs no introduction. After Madoff’s arrest, Shell immediately sought to redeem……