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New Cases For the Week of February 24,
2003 - February 28, 2003
Brought to you by BKINFORMATION.COM
- The Source for Business Bankruptcy Information on the Internet
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February
28, 2003
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Case
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Court
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Holding
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In
re Farmland Industries, Inc.
(DBN Subscription Required) |
8th
Cir. |
The
bankruptcy court did not err in finding
that the holder of the right of first
refusal had not received notice of a sale
nor did it abuse its discretion in
reopening the bidding or in approving a
compromise regarding the bidding
procedures. |
Queenie,
Ltd. v. Nygard International
(DBN Subscription Required) |
2d
Cir. |
Because
entry of a judgment against a debtor's
wholly-owned non-debtor corporation would
have an immediate economic impact on the
debtor, the automatic stay applied to the
litigation against the non-debtor. |
Official
Committee of the Unsecured Credits of
Color Tile, Inc. v. Coopers & Lybrand,
LLP
(DBN Subscription Required) |
2d
Cir. |
It
is not beyond doubt whether claims for
professional malpractice are barred by the
in pari delicto defense under Texas law. |
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February
26, 2003
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Case
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Court
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Holding
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In
re V&M Management, Inc.
(DBN Subscription Required) |
1st
Cir. |
A
bankruptcy court's prior determination, in
the context of plan confirmation, that the
debtor's equity interests had no value
acts as a preclusive bar to subsequent
pursuit of corporate causes of action by
the equity interest holders
individually. |
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