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IN THE MATTER OF GREEN GOBLIN, INC. v. SIMONS

Civil Action No. 12-4076.

IN THE MATTER OF: GREEN GOBLIN, INC. GREEN GOBLIN, INC. Appellant, v. WARREN SIMONS, Appellee.

United States District Court, E.D. Pennsylvania.

November 6, 2014.

Attorney(s) appearing for the Case

SABERTOOTH, LLC, Plaintiff, represented by ALAN L. FRANK , ALAN L. FRANK LAW ASSOCIATES PC.

GREEN GOBLIN, INC., Plaintiff, represented by ALAN L. FRANK , ALAN L. FRANK LAW ASSOCIATES PC & ROBERT M. BOVARNICK , BOVARNICK & ASSOC LLC.

GREEN GOBLIN, INC., Appellant, represented by ALAN L. FRANK , ALAN L. FRANK LAW ASSOCIATES PC & ROBERT M. BOVARNICK , BOVARNICK & ASSOC LLC.

WARREN SIMON, Defendant, represented by BENJAMIN A. ANDERSEN , POWELL, TRACHTMAN, LOGAN, CARRLE & LOMBARDO, P.C. & MICHAEL G. TRACHTMAN , POWELL TRACHTMAN LOGAN CARRLE, ET AL.

VENOM, INC., Debtor-in-Possess, represented by ALAN L. FRANK , ALAN L. FRANK LAW ASSOCIATES PC.

SABERTOOTH, LLC, Debtor-in-Possess, represented by ALAN L. FRANK , ALAN L. FRANK LAW ASSOCIATES PC.

GREEN GOBLIN, INC., Debtor-in-Possess, represented by ALAN L. FRANK , ALAN L. FRANK LAW ASSOCIATES PC & ROBERT M. BOVARNICK , BOVARNICK & ASSOC LLC.

MEMORANDUM

LAWRENCE F. STENGEL, District Judge.

I. INTRODUCTION

Green Goblin, Inc. ("GGI") appeals from a decision of the United States Bankruptcy Court for the Eastern District of Pennsylvania in an adversary proceeding it brought against Warren Simons ("Simons"), the assignee of a note GGI executed as part of an agreement to open a Gold's Gym franchise club in King of Prussia, Pennsylvania. Since it is clear that Simons...

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