3rd Circuit: $47M Award Valid, But Other Claims Belong In Bankruptcy Court

3rd Circuit: $47M Award Valid, But Other Claims Belong In Bankruptcy Court

PHILADELPHIA - A panel of the Third Circuit U.S. Court of Appeals on Aug. 27 affirmed a bankruptcy court's decision that the lifting of the automatic stay was limited in its scope to allow a $47 million award for the creditor but that additional claims against the debtor had to be litigated in bankruptcy court (In Re: ABC Learning Centres Ltd n/k/a ZYX Learning Centres Ltd., No. 12-2808, Chapter 15, 3rd Cir.; 2013 U.S. App. LEXIS 17844).

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