SVB Financial Trust v. Official Committee of Unsecured Creditors (In re: SVB Financial Group), Case No. 25-567-bk (2d Cir. 2026).
A creditor’s purely defensive setoff right under California law is not a Bankruptcy Code “claim” because it affords no right to affirmative payment from the debtor, and therefore require the filing of a proof of claim for preservation of the claim.
Hello Farms Licensing MI, LLC v. GR Vending MI, LLC, Case No. 25-1759 (6th Cir. 2026)
Notwithstanding its legality under state law, a federal court may not enforce a contract requiring conduct criminalized by the Controlled Substances Act, including a marijuana-supply agreement that encompasses recreational marijuana legal under state law.
