Howard Borin and John Stockdale, Jr. Obtain Nondischargeability Determination on Summary Judgment

April, 2014

Schafer and Weiner, PLLC successfully represented a corporation and its shareholders in a nondischargeability action based on a former shareholder/officer’s frauds, breaches of fiduciary duty and misappropriation of trade secrets.  These claims were being litigated in a California federal court when the debtor filed her bankruptcy petition.  Howard Borin and John Stockdale, Jr. successfully lifted the automatic stay to allow the California litigation to continue.  Upon its conclusion, on April 25, 2014, Howard Borin and John Stockdale, Jr. obtained a written opinion granting summary judgment to Schafer and Weiner, PLLC’s client, which determined that the obligation were nondischargeable on the basis that the California court’s decision collaterally estopped the debtor from arguing that the claims were dischargeable in her bankruptcy case.