Touch america holdings liquidating trust
The Plan Trustee’s request for summary judgment on disallowance of the indemnification claims arising from the Edwards Litigation under § 502(e)(1)(B) will be granted, in part. For the reasons set forth below, the Plan Trustee’s request for summary judgment on subordination of the 101 *101 indemnification claims arising from the ERISA Litigation under § 510(b) will be granted. 56(c), made applicable to this contested matter by Fed. 3119) (jointly referred to herein as the “Officers and Directors” or the “Claimants”). The party opposing the motion “must do more than simply show that there is some metaphysical doubt as to the material facts.” Matsushita, 475 U. The Stipulation was approved by Order of this Court dated May 24, 2007 (docket no. Pursuant to the Stipulation, the issues in the Summary Judgment Motion that remain pending before this Court are: (I) whether indemnification claims arising from the ERISA Litigation arise from the purchase or sale of securities, thereby warranting subordination pursuant to Bankruptcy Code § 510(b); and (ii) whether the indemnification claims arising from the Edwards Litigation are contingent claims of a co-debtor that should be disallowed pursuant to Bankruptcy Code § 502(e)(1)(B). Additionally, the Stipulation provided that the claims arising from the Anderson Litigation were not withdrawn and should not be considered as part of the Summary Judgment Motion.
3117), along with a brief and a declaration of Maureen D. First, he argues that the plaintiffs in the Civil Actions assert claims arising from the purchase or sale of securities and seek damages based on the diminution in value of their stock. Touch America was a broadband telecommunications business. Box 1033 Northbrook, IL 60065-1033 [email protected] questions or additional information please contact Janice Alwin at 847-577-1374.Touch America also operated as American Fiber Touch, LLC, Entech, LLC, Sierra Touch America, LLC, The Montana Power Company, Touch America, Inc., Touch America Intangible Holding Company, LLC, and Touch America Purchasing Company, LLC. Requests for reasonable referral or finder fees for discovered remnant assets will be considered. On May 22, 2007, the Plan Trustee and the Officers and Directors filed a Stipulation, under certification of counsel (docket no.  The Plan Trustee filed a Reply to the Officers’ and Directors’ objection to the Summary Judgment Motion on May 22, 2006 (docket no. Oral argument regarding the Summary Judgment Motion was held on May 31, 2006, and additional oral argument was held on March 28, 2007, at which the parties reported the possibility of a partial settlement of the objections to the Summary Judgment Motion.
We have no information about retirement or other employee benefit plans (e.g., profit sharing or pension plans). About Oak Point Partners Oak Point Partners is a private investment firm specializing in the purchase of remnant assets.