Earlier this summer, the Delaware Bankruptcy Court issued an opinion in the New Century Holdings bankruptcy addressing the definition and purpose of the “Divestiture Rule.” See Carr v. New Century
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New Century TRS Holdings bankruptcy
Decision in New Century TRS Holdings, Inc. Holds That Publication in 2 Newspapers is Insufficient to Grant a Motion for Summary Judgment
By Fox Rothschild LLP on
Summary
In a 14 page opinion published June 7, 2011, Judge Carey ruled that publication of notice in only two newspapers was insufficient information to grant a motion to dismiss…
Continue Reading Decision in New Century TRS Holdings, Inc. Holds That Publication in 2 Newspapers is Insufficient to Grant a Motion for Summary Judgment
New Century Mortgage and Tweeter Home Entertainment Both File Preference Complaints Against Various Defendants
By Fox Rothschild LLP & Fox Rothschild LLP on
Introduction
Two weeks ago, preference actions were commenced against a long list of defendants in the New Century Mortgage (“New Century”) and Tweeter Home Entertainment (“Tweeter”) bankruptcies. The plaintiff in…
Continue Reading New Century Mortgage and Tweeter Home Entertainment Both File Preference Complaints Against Various Defendants