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LightSquared LP v. SP Special Opportunities LLC (In re LightSquared Inc.)
First, inequitable conduct directed against the debtor or its creditors may be sufficient to warrant subordination of a claim irrespective of whether it was related to the acquisition or assertion of that claim. 153 Mobile Steel, 563 F.2d at 700-01 ; see also Citicorp Venture Capital Ltd. v. Comm. of Creditors Holding Unsecured Claims, 323 F.3d 228 , 234 (3d Cir.2003), ce rt. denied, 540 U.S. 825 , 124 S.Ct. 178 , 157 L.Ed.2d 46 (2003). (“Paper-craft”) 154 (“The inequitable conduct may arise out of any unfair act by the creditor as long as the conduct affects the bankruptcy results of ot…
Retrieving the full opinion text from the archive…
CITICORP VENTURE CAPITAL, LTD.
v.
COMMITTEE OF CREDITORS HOLDING UNSECURED CLAIMS
v.
COMMITTEE OF CREDITORS HOLDING UNSECURED CLAIMS
No. 02-1842.
Supreme Court of the United States.
Oct 6, 2003.
124 S. Ct. 178
Published
Petition for writ of certiorari to the United States Court of Appeals for the Third Circuit denied.