Sam’s NA, Inc. v. US Small Business Administration (In re Sam’s NA, Inc.)

(Bankr. S.D. Ind. Oct. 19, 2016)

The bankruptcy court enters judgment in favor of the plaintiff in this adversary proceeding arising from a transaction involving the sale of a restaurant and associated assets. The court finds that rights in the purchase agreement were effectively assigned to the plaintiff, and the purchase agreement should be reformed to reflect the proper selling party. Further, the court finds that various defendants are liable to the plaintiff on breach of warranty, conversion, and other claims. Opinion below.

Judge: Lorch

Attorneys for Debtor: Seiller Waterman LLC, Neil C. Bordy

Attorneys for Certain Defendants: Tilford Dobbins & Schmidt, PLLC, Lisa Koch Bryant, Ayala Golding


Author: Matt Lindblom

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