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IN RE GLOBAL TECHNOVATIONS, INC.

Civil Case No. 10-12781.

In re: GLOBAL TECHNOVATIONS, INC., ONKYO AMERICA, INC., Debtor, ONKYO U.S.A. CORPORATION, ONKYO EUROPE ELECTRONICS GMBH, ONKYO MALAYSIA SDN. BHD., and ONKYO CORPORATION, Appellants, v. GLOVAL TECHNOVATIONS, INC., and KENNETH NATHAN, Liquidating Agent for Onkyo America, Inc., Appellees.

United States District Court, E.D. Michigan, Southern Division.

March 31, 2011.

OPINION AND ORDER AFFIRMING THE BANKRUPTCY COURT'S TRIAL ORDER AND JUDGMENT

MARIANNE O. BATTANI, District Judge.

Before the Court is Onkyo Europe Electronics GmbH (Onkyo Europe), Onkyo Malaysia Sdn. Bhd. (Onkyo Malaysia), and Onkyo Corporation's (Onyko Japan) (collectively Onkyo or Appellants) appeal of the bankruptcy court's judgment that Global Technovations, Inc.'s (GTI) acquisition of all of the stock of Onkyo America, Inc. (OAI...

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