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IN RE RMM RECORDS & VIDEO CORP.

Bankruptcy No. 00-15350 (AJG). Adversary No. 06-01351.

372 B.R. 619 (2007)

In re RMM RECORDS & VIDEO CORP., Debtor. RMM Records & Video Corp., Plaintiff, v. Universal Music & Video Distribution, Corp., Defendant.

United States Bankruptcy Court, S.D. New York.

July 31, 2007.

Attorney(s) appearing for the Case

Caplan & Ross, LLP, Brian D. Caplan, Esq., Jonathon J. Ross, Esq., of counsel, New York, NY, for Plaintiff.

Jenner & Block LLP, Andrew H. Bart, Esq., of counsel, New York, NY, for Defendant Universal Music & Video Distribution, Corp.1

McKenna, Long & Aldridge LLP, Barry J. Armstrong, Esq., Robert A. Bartlett, Esq., of counsel, Atlanta, GA, for Defendant. James. S. Cochran, Esq., of counsel, Los Angeles, CA.

OPINION DENYING DEFENDANT'S OBJECTION TO PROPOSED JUDGMENT ON THE PROMISSRY NOTE CLAIM

ARTHUR J. GONZALEZ, Bankruptcy Judge.

I. BACKGROUND

RMM Records and Video Corporation ("RMM") filed for bankruptcy in November 2000 and subsequently sold its assets to Universal Music & Video Distribution, Corp. ("Universal") in exchange, in part, for money due under a promissory note (the "Note"). On August 16, 2001, Universal issued to RMM the Note containing...

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