The U.S. Bankruptcy Court - Southern District of New York serves Bronx, New York, Dutchess, Orange, Putnam, Sullivan, Rockland and Westchester counties. The court has offices in Manhattan, White Plains, and Poughkeepsie. This link will take you to the court's website where you can find more information. Learn More
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From Ballotpedia
The United States bankruptcy court, Southern District of New York is the United States bankruptcy court in
New York that is associated with the United States District Court for the Southern District of New York.
Judges
Michael E. Wiles | Georgetown University, 1975 | Yale Law School, 1978 | ||
Sean H. Lane | New York University | New York University | ||
Shelley C. Chapman | Cornell University | Harvard Law School | ||
Cecelia G. Morris | July 1, 2000 - | West Texas State University, 1968 | University of Illinois-Chicago, John Marshall Law School, 1977 | |
Martin Glenn | U.S. Court of Appeals for the 2nd Circuit | November 30, 2006 - | Cornell University, 1968 | Rutgers Law School, 1971 |
James Garrity | Second Circuit Court of Appeals | February 17, 2015 - | College of the Holy Cross | St. John's University |
David Jones | United States Court of Appeals for the 2nd Circuit | February 19, 2021 - | Brown University | Harvard Law School |
Lisa Beckerman | United States Court of Appeals for the 2nd Circuit | February 26, 2021 - | University of Chicago | Boston University School of Law |
Noteworthy cases
• Bernard Madoff case changes hands in the judiciary (2014) Judge(s):Stuart M. Bernstein (In re Bernard L. Madoff Investment Securities LLC, 08-01789 (SMB)) | Click for summary→
On January 14, 2014, the Southern District of New York began the reassignment of all ongoing cases related to wind-down of assets of Bernard L. Madoff Investment Securities to Judge Stuart M. Bernstein following the unanticipated death of Judge Burton R. Lifland. Bernstein is only the second member of the court to oversee the case, as the late Lifland presided over the Madoff bankruptcy proceedings since their inception in December 2008.[1][2] |
• Parent company held liable for bankrupt spinoff's legal liabilities (2013) Judge(s):Allan L. Gropper (Tronox Inc et al v. Kerr McGee Corp et al, 09-10156 (ALG)) | Click for summary→
On December 12, 2013, Judge Allan L. Gropper ruled that Anadarko Petroleum Corp. may be liable for an amount between $5.15 billion and $14.17 billion in environmental cleanup liabilities caused by its bankrupt spinoff company. The Department of Justice believes the ruling is the largest ever of its kind. In the underlying case, Kerr-McGee Corp. spun off its chemicals business in 2005 as Tronox, transferring its environmental claims and liabilities with it at the same time. In 2006, Anadarko acquired Kerr-McGee's oil and gas division and assets, then worth between $16.4 and $18 billion. Beset by environmental debts, Tronox filed for bankruptcy in 2009, and sued Kerr-McKee separately, accusing the company of setting it up to fail under the fraudulent transfer theory of bankruptcy law. According to that theory, the value of transferred assets may be recovered if such transfer was made with the intent to harm creditors. Judge Gropper ruled that Kerr-McKee's spinoff of Tronox was intended to hurt its creditors, specifically those with environmental liabilities, and awarded Tronox the approximate value of Kerr-McGee's oil and gas assets acquired by Anadarko in the form of litigation damages.[3][4][5][6] The case was settled in April 2014 for 5.15 billion dollars.[7] |
See also
- United States bankruptcy court
External links
- Southern District of New York bankruptcy court
Footnotes
- ↑ Wall Street Journal, "U.S. Bankruptcy Court Judge Burton R. Lifland Dies," January 13, 2014
- ↑ Wall Street Journal, "Madoff Case Is Assigned to Judge Bernstein," January 15, 2014
- ↑ Wall Street Journal, "Judge Says Anadarko May Be Liable in Suit Related to Kerr-McGee Deal," December 12, 2013
- ↑ Businessweek, "Anadarko’s Kerr-McGee Held Liable by Judge Over Tronox Spinoff," December 13, 2013
- ↑ Reuters, "Analysis: Tronox, Anadarko fight over cleanup costs may be just getting started," December 15, 2013
- ↑ New York Times, "Bankruptcy Judge’s Opinion Raises Questions About Kerr-McGee Revamp," December 16, 2013
- ↑ Kirkland & Ellis LLP, "Anadarko Pays $5B to Settle Tronox Enviro Liabilities Row," April 3, 2014
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Terms | Chief Judge, U.S. Bankruptcy Court |