IN RE: ZOHAR III, CORP., et al., Debtors.
Lynn Tilton, et al., Appellants,
v.
MBIA Inc., et al., Appellees.
United States District Court, D. Delaware.https://leagle.com/images/logo.png
Signed August 11, 2022.
Signed August 11, 2022.
Attorney(s) appearing for the Case
Norman L. Pernick, Andrew John Roth-Moore, G. David Dean, II, Cole, Schotz, Meisel, Forman & Leonard, P.A., Wilmington, DE, for Appellants.
Laura Davis Jones, Timothy P. Cairns, Pachulski, Stang, Ziehl & Jones, LLP, Wilmington, DE, for Appellees MBIA Inc., MBIA Insurance Corporation.
Matthew Paul Ward, Morgan Lea Patterson, Womble Bond Dickinson (US) LLP, Wilmington, DE, for Appellees Credit Value Partners, LP, Bardin Hill Investment Partners, Capital Management LP, Cooperatieve Rabobank U.A., Varde Partners, Inc., Ascension Alpha Fund LLC, Ascension Health Master Pension Trust, CAZ Halcyon Offshore Strategic Opportunities Fund, L.P., CAZ Halcyon Strategic Opportunities fund, L.P., Brown University, HCN LP, Halcyon Eversource Credit LLC, HLF LP, HLDR Fund I NUS LP, HLDR Fund I TE LP, HLDR Fund I UST LP, Halcyon Valle Blanche Master Fund LP, Bardin Hill Event-Driven Master Fund LP, Praetor Fund I, Praetorium Fund I ICAV, Hirtle Callaghan Total Return Offshore Fund Limited, Third Series of HDML Fund I LLC.
Robert J. Dehney, Matthew B. Harvey, Tori Lynn Remington, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE, for Appellee Alvarez & Marsal Zohar Management.
John W. Weiss, Pashman Stein Walder Hayden, P.C., Holmdel, NJ, for Appellee U.S. Bank National Association.
MEMORANDUM OPINION
AMBRO, Circuit Judge.
Lynn Tilton, the Patriarch Entities, and the Octaluna Entities (collectively, "Plaintiffs") appeal from the Bankruptcy Court's order dismissing their equitable subordination complaint. The Court, in a comprehensive and thoroughly reasoned decision, held that they failed to...
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