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

2016-10-19-in-re-sams-na

Author: Matt Lindblom

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s