FOLGER ADAM SECURITY, INC. v. DeMATTEIS/MacGREGOR

Nos. 98-2164, 98-2165, 99-1107 and 99-1108.

209 F.3d 252 (2000)

FOLGER ADAM SECURITY, INC. v. DeMATTEIS/MacGREGOR, JV; Insurance Company of North America; Fidelity & Deposit Company of Maryland; Swiss Reinsurance America Corporation, formerly know as North American Reinsurance Corporation DeMatteis/MacGregor, JV; Insurance Company of North America; Fidelity & Deposit Company of Maryland; Swiss Reinsurance America Corporation, Appellants.

United States Court of Appeals, Third Circuit.

Filed March 20, 2000.


Attorney(s) appearing for the Case

B. Christopher Lee (Argued), Jacoby, Donner & Jacoby, Philadelphia, PA, for Appellee.

Carl A. Solano (Argued), Philip G. Kircher, Jacqulynn M. Broughton, Schnader, Harrison, Segal & Lewis, Philadelphia, PA, for Appellants.

Before: MANSMANN, McKEE and STAPLETON, Circuit Judges.


OPINION OF THE COURT

MANSMANN, Circuit Judge.

In this appeal, we are asked to decide whether the affirmative defenses of setoff, recoupment, and other contract defenses, which arose as a consequence of alleged defaults under certain contracts with the debtors, constitute an "interest" under section 363(f) of the Bankruptcy Code such that a sale of the debtors' assets in a consolidated Bankruptcy Court auction free and clear, extinguished such affirmative...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases