Attorney(s) appearing for the Case
J. Barry Cocoziello, Robert J. McGuire (Argued), Podvey, Sachs, Meanor, Catenacci, Hildner & Cocoziello, Newark, NJ, Counsel for Appellants Baroda Hill Investments, Ltd., LeHeron Corporation, Ltd., and Kimble John Winter.
James A. Stempel, Jason N. Zakia (Argued) Kirkland & Ellis, Chicago, IL, Counsel for Appellee Telegroup, Inc.
Before: BECKER, Chief Judge, SCIRICA and GREENBERG, Circuit Judges.
United States Court of Appeals, Third Circuit.
OPINION OF THE COURT
BECKER, Chief Judge.
This bankruptcy appeal requires us to construe 11 U.S.C. § 510(b), which provides for the subordination of any claim for damages "arising from the purchase or sale" of a security of the debtor. The appeal arises out of a Chapter 11 Bankruptcy petition filed by appellee Telegroup, Inc. Appellants Baroda Hill Investments, Ltd., LeHeron Corporation, Ltd., and Kimble John Winter ("claimants" or "appellants") are...
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