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IN RE CITY OF CHESTER

Bankruptcy No. 22-13032-AMC Adv. Proc. No. 22-00084-AMC.

655 B.R. 555 (2023)

IN RE CITY OF CHESTER, Debtor. City of Chester, Plaintiff, v. PHCC LLC d/b/a Preston Hollow Community Capital, et al., Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

Signed November 3, 2023.

Attorney(s) appearing for the Case

Hannah Berny , David E. Lemke , Blake Daniel Roth , Holland & Knight LLP, Nashville, TN, Kevin J. Carey , Hogan Lovells US LLP, Philadelphia, PA, Nicholas M. Engel , David B. Smith , Smith Kane Holman, LLC, Malvern, PA, William W. Kannel , Keith Kollmeyer , Timothy J. McKeon , Alyssa C. Scruggs , Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., Boston, MA, Louis M. Kodumal , Mancini & Kodumal, PLLC, Media, PA, Lawrence J. Kotler , Drew S. McGehrin , Duane Morris LLP, Philadelphia, PA, Joel C. Shapiro , Blank Rome Comisky & McCauley LLP, Philadelphia, PA, for Defendants.

Matthew A. Hamermesh , Michael J. Masciandaro , Jackson D. Teague , Hangley Aronchick Segal Pudlin & Schiller, Philadelphia, PA, for Plaintiff.

OPINION

I. INTRODUCTION

In this adversary proceeding initiated by Chapter 9 debtor, the City of Chester, Pennsylvania ("City") against PHCC, LLC, d/b/a Preston Hollow Community Capital ("PHCC") and Preston Hollow Capital, LLC (together with PHCC, "Preston Hollow"), the holders of...

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