Newdelman

NOT FOR PUBLICATION 2 UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF CALIFORNIA 5 In re: Case No. 15-29890-A-

GRAIL SEMICONDUCTOR, A CALIFORNIA

CORPORATION,

9 Debtor.

11 SEDGWICK FUNDINGCO, LLC, Adv. No. 18-2180-A 12 Plaintiff, OHS-1

V. MEMORANDUM

14 MITCHELL NEWDELMAN et al., 15 Defendants. 16 17 Argued and submitted on June 9, 2022 at Sacramento, California Honorable Fredrick E. Clement, Bankruptcy Judge Presiding 21 Appearances: Marc A. Levinson, Russell P. Cohen, Robert 22 Loeb, Orrick, Herrington & Sutcliffe LLP; Norman Neville Reid, Erik Ives, Ryan 23 Schultz, Fox, Swibel & Carroll LLP for Sedgwick FundingCo, LLC; Ivan K. Mathew, 24 Ivan K. Mathew P.C. and Allan D. NewDelman for Mitchell NewDelman, Frank Holze, and 25 Willis Higgins 26 27 “Measure seven times, cut once.” Russian proverb. I. FACTS This is a dispute between the creditors of but one debtor. The dispute arises from an intercreditor agreement, known to the…