New Cases For the Week of August 2, 2004 - August 6, 2004

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August 6 , 2004

Case

Court

Holding

Mirant Corporation vs. Potomac Elec Power
(DBN Subscription Required)
5th Cir. A bankruptcy court has jurisdiction to authorize the rejection of an executory electrical power contract.
     

August 4 , 2004

Case

Court

Holding

Vega v. Jones, Day, Reavis & Pogue
(DBN Subscription Required)
Cal. App. 2d Acquired company's shareholder stated claim against acquiring company's law firm for allegedly defrauding him by concealing "toxic" financing to get him to exchange his stock
     

August 2 , 2004

Case

Court

Holding

In re Focus Media, Inc.
(DBN Subscription Required)
9th Cir. Where at least portion of involuntary bankruptcy debt was undisputed, that undisputed portion was sufficient to create debt under 11 U.S.C. §303(b)(1) not subject to bona fide dispute.
In re Axistel Communications
(DBN Subscription Required)
Bankr. De. Where section 549 claims which were sought to be added by amendment to a complaint did not arise from the same events, transactions or occurences as those at issue in the original complaint, leave to amend is denied when the limitations period for the section 549 claims had expired.
In re Allsop
(DBN Subscription Required)
Bankr. De. "This Court finds it somewhat incredible that anyone would carry that many compact discs at any one time."

 

 

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