Valerie Shipping Inc. v. Korea Line Singapore PTE, Ltd.

Filing 84

ORDER DISCHARGING 39 Order to Show Cause. Signed by Judge Jeffrey S. White on April 29, 2011. (jswlc3, COURT STAFF) (Filed on 4/29/2011)

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IN THE UNITED STATES DISTRICT COURT

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FOR THE NORTHERN DISTRICT OF CALIFORNIA
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VALERIE SHIPPING, INC.,

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For the Northern District of California

United States District Court

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Plaintiff,

No. C 11-00911 JSW

v.

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KOREA LINE SINGAPORE PTE, LTD.,

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ORDER DISCHARGING ORDER
TO SHOW CAUSE RE FILINGS
REGARDING BANKRUPTCY
PROCEEDING

Defendant.
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On April 4, 2011, this Court issued an Order to Show Cause regarding the potential

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impact of proceedings involving of Korea Line Corporation (“KLC”), a company undergoing

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rehabilitation before the Seoul Central District Bankruptcy Court and related bankruptcy

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proceedings pending in the United States Bankruptcy Court for the Southern District of New

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York (“the Bankruptcy Court”). The Court has received responses from Plaintiff and Plaintiff

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in Intervention, Nordea Bank Finland PLC, which includes a stipulation that provides that these

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proceedings are not subject to the stay. The Court also has received a response from the

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Receivers, which shall be electronically filed, that also indicates these proceedings are not

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subject to the stay. Accordingly, this Court is satisfied that these proceedings are not subject to

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the say, and the Order to Show Cause is DISCHARGED.

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IT IS SO ORDERED.
Dated: April 29, 2011
JEFFREY S. WHITE
UNITED STATES DISTRICT JUDGE