Rochelle's Daily Wire

ABI Exclusive

District Judge Rakoff Explains Why the Debtor Alone May Assert a Cure Claim

A creditor can’t assert a cure claim, even though Section 365(b) doesn’t give the counterparty the sole right to demand a cure on assumption of an executory contract.

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Opinion Link

Case Details

Case Citation

Tutor Perini Building Corp. v. New York City Regional Center George Washington Bridge Bus Station & Infrastructure Development Fund LLC (In re George Washington Bridge Bus Station Development Venture LLC), 20-7422 (S.D.N.Y. Aug. 4, 2021).

Case Name

In re George Washington Bridge Bus Station Development Venture LLC

Case Type

Business