Post-Confirmation Noncore Claim Defeats Bankruptcy Court Jurisdiction [Delaware Business Court Insider]

Mark Felger, co-chair of Cozen O’Connor’s Bankruptcy, Insolvency & Restructuring Practice Group, and Barry Klayman, a member of the Bankruptcy, Insolvency & Restructuring Practice Group, discuss a recent bankruptcy decision that limits jurisdiction over post-confirmation, noncore claims by the trustee of a liquidating trust. In Gavin Solmonese v. Shyamsundar, U.S. Bankruptcy Judge Mary F. Walrath of the District of Delaware found that she lacked jurisdiction over claims for breach of fiduciary duty brought by a liquidating trustee against former managers and officers of Chapter 11 debtors. The court focused on the fact that the specific claims were not expressly mentioned in the retention of jurisdiction provision in the confirmation plan. The opinion contains a concise and straightforward explanation of the limits of the court’s post-confirmation jurisdiction over noncore matters. 

For more information, click here

Share Page On LinkedIn

Related Attorneys

Mark E. Felger

Co-Chair, Bankruptcy, Insolvency & Restructuring

(302) 295-2087

Barry M. Klayman


(302) 295-2035

Related Practices