Case law

Capmark Financial Group Inc. v. Lin (In re Capmark Financial Group Inc.)

479 B.R. 330 · United States Bankruptcy Court, D. Delaware · Aug 27, 2012

(citation omitted); Brown ex rel. FoxMeyer Drug Co. v. C.D. Smith Drug Co., No. Civ. A. 98-494-SLR, 1999 WL 709992 , at *3 (D.Del. … Brown, 1999 WL 709992 , at *3 & n. 4 (citing I Collier on Bankruptcy § 1.04, at 1-55 (15th ed. rev. 1999)). . See Anheuser-Busch, Inc. v. Paques, Inc.

United States v. State Street Bank & Trust Co.

520 B.R. 29 · United States Bankruptcy Court, D. Delaware · Oct 15, 2014

As recognized in SubMi-cron, it is not unusual for lenders to participate on a company’s board, particularly when the company is distressed. SubMicron, 432 F.3d at 457-58 ; Off'l Comm. v. … V.

In Re Washington Mutual, Inc.

462 B.R. 137 · United States Bankruptcy Court, D. Delaware · Dec 20, 2011

Additionally, the Debtors argue that a board member’s actions on behalf of a subsidiary should not be imputed to the Debtors simply because that person was also a WMI board member. … See, e.g., Dutton v.

Trim Cut Co. v. Beasley (In Re Trim-Lean Meat Products, Inc.)

4 B.R. 243 · United States Bankruptcy Court, D. Delaware · May 13, 1980

Guth v. Loft, Del.Supr., 5 A.2d 503 (1939). Thus, a director’s use of corporate funds to finance a business opportunity for his own benefit is prohibited. Brown v. Dolese Bros. … Guth v. Loft, supra, at 510-511. The law of corporate opportunity, grounded as it is in notions of fiduciary duty, is equally applicable to closely held corporations. Brown v. Dolese Bros. Co., supra.

In Re Hsf Holding, Inc.

421 B.R. 716 · United States Bankruptcy Court, D. Delaware · Jan 13, 2010

Gonzalez v. M/V Destiny Panama, 102 F.Supp.2d 1352, 1354 (S.D.Fla.2000) (quoting T.A. Russell, 2 Benedict on Admiralty § 32 at 3-3 (1999) (internal quotations omitted)); see e.g., Kesselring v. … The Court in Gowen, Inc. v.

Rickel Home Centers, Inc. v. Baffa (In Re Rickel Home Centers, Inc.)

199 B.R. 498 · United States Bankruptcy Court, D. Delaware · Aug 16, 1996

Each of the five individual defendants at the time of the offering was an officer of Rickel, a member of the board of directors, or signed the registration statement. … Friedman, the chair of the board of directors, provides management and consulting services to Rickel.

Boy Scouts of America

United States Bankruptcy Court, D. Delaware · Dec 5, 2023

declaration filed by the Coalition, (iii) the PI Firms, not the Coalition members, instruct Coalition Professionals as to positions to be taken in the case, (iv) the PI Firms chose five survivors to comprise an advisory board … , which meets with the PI Firms to deliberate actions taken by the Coalition and (v) the Coalition’s Professionals represent the collective, not any individual survivor.

In Re Zenith Electronics Corp.

241 B.R. 92 · United States Bankruptcy Court, D. Delaware · Nov 2, 1999

See, e.g., Daubert v. … See, e.g., Kahn v. Tremont Corp., 694 A.2d 422 (Del.1997); Weinberger v. UOP, Inc., 457 A.2d 701 (Del.1983); NL Indus., Inc. v.

BCP Liquidating LLC v. Bridgeline Gas Marketing LLC (In Re Borden Chemicals & Plastics Operating Ltd. Partnership)

336 B.R. 214 · United States Bankruptcy Court, D. Delaware · Jan 13, 2006

(citing Nagel v. ADM Investor Servs., Inc., 217 F.3d 436, 441 (7th Cir.2000)) (holding that when eventual delivery of commodity is reasonably assured, contract is a forward); CFTC v. … Corp. v. Spencer Sav. & Loan Ass’n, 878 F.2d 742, 752 (3d Cir.1989).

NovaCare Holdings, Inc. v. Mariner Post-Acute Network, Inc. (In Re Mariner Post-Acute Network, Inc.)

267 B.R. 46 · United States Bankruptcy Court, D. Delaware · Sep 17, 2001

See, e.g., Board of Trustees of Trucking Employees of North Jersey Welfare Fund, Inc .—Pen sion Fund v. … See, e.g., First Jersey National Bank v. Brown (In re Brown), 951 F.2d 564, 569 (3d Cir.1991). Issue preclusion (collateral estoppel) and claim preclusion (res judicata) are different concepts.

In re Orleans Homebuilders, Inc.

561 B.R. 46 · United States Bankruptcy Court, D. Delaware · Nov 21, 2016

the Board, the Developer failed to discover and/or disclose and/or maintain and/or correct various defects and deficiencies in the design and construction of the common elements at the Development; 16 (v) After Transition … Moreover, this is a core matter pursuant to 28 U.S.C. § 157 (b)(1) and Halper v.

Barsa v. Theseus Strategy Group LLC

United States Bankruptcy Court, D. Delaware · Jun 30, 2020

Partners v. Huizenga, 751 A.2d 879, 893 (Del. … Id. ¶¶ 183, 185. 143 Burtch v. Milberg Factors, Inc., 662 F.3d 212, 221 (3d Cir. 2011) (quoting Santiago v.

Gavin/Solmonese LLC v. Citadel Energy Partners, LLC. (In re Citadel Watford City Disposal Partners, L.P.)

603 B.R. 897 · United States Bankruptcy Court, D. Delaware · May 2, 2019

The member first makes a demand on the other members in a member-managed or board-managed limited liability company, the managers of a manager-managed limited liability company, or the board of governors of a board-managed … CML V, LLC v. Bax , 6 A.3d 238 (Del. Ch. 2010). Id. (citing Elf Atochem North America., Inc. v. Jaffari , 727 A.2d 286 , 290 (Del. Supr. 1999) ). 6 Del. C. § 18-1001. 6 Del. C. § 18-1002 (emphasis added).

Mullins v. Paul J. Paradise & Associates, Inc. (In Re Paul J. Paradise & Associates, Inc.)

217 B.R. 452 · United States Bankruptcy Court, D. Delaware · Dec 29, 1997

E.g., In re Brown, 182 B.R. 778 (Bankr.E.D.Tenn.1995). … E.g., Patel v.

Edisto Resources Corp. v. McConkey (In Re Edisto Resources Corp.)

158 B.R. 954 · United States Bankruptcy Court, D. Delaware · Sep 9, 1993

V. No punitive damages will be allowed. Edisto also claims damages pursuant to 11 U.S.C. § 362 (h). … Accord Garrity v. Hospital Consultants, Inc.

OHC Liquidation Trust Ex Rel. Alvarez & Marsal, LLC (In Re Oakwood Homes Corp.)

325 B.R. 696 · United States Bankruptcy Court, D. Delaware · Jun 7, 2005

Plaintiff directs the Court to a footnote in Board of Trustees of Teamsters Local 863 Pension Fund v. … of Trustees of Teamsters Local 863 Pension Fund v.

In Re Quinn

425 B.R. 136 · United States Bankruptcy Court, D. Delaware · Mar 26, 2010

(citing Reading Co. v. Brown, 391 U.S. 471 , 88 S.Ct. 1759 , 20 L.Ed.2d 751 (1968))). 8.

In re Diamondhead Casino Corp.

540 B.R. 499 · United States Bankruptcy Court, D. Delaware · Nov 13, 2015

Vitale is currently Diamond-head’s chief executive officer and a member of its seven member board of di~ rectors. 23 She has been with the Company in some capacity since 1992. 24 Ms. … Diamondhead argues, instead, that a lawsuit pending against it in The Superior Court of the State of Delaware, College Health & Investment, L.P. v.

Manning v. DHP Holdings II Corp. (In Re DHP Holdings II Corp.)

447 B.R. 418 · United States Bankruptcy Court, D. Delaware · Apr 24, 2010

Anderson v. Liberty Lobby, Inc., 477 U.S. 242, 255 , 106 S.Ct. 2505 , 91 L.Ed.2d 202 (1986); Hollinger v. Wagner Mining Equip. Co., 667 F.2d 402, 405 (3d Cir.1981). … Further, the fact that the Debtors’ boards (including HIG directors) approved the bankruptcy filing or facility closings, is insufficient to establish that HIG ordered the terminations. See, e.g., Azzata v.

Miller v. American Capital, Ltd. (In re NewStarcom Holdings, Inc.)

547 B.R. 106 · United States Bankruptcy Court, D. Delaware · Mar 8, 2016

Paramount Commc’ns Inc. v. … Brown, Jr., Claims of Aiding and Abetting A Director’s Breach of Fiduciary Duty-Does Everybody Who Deals with A Delaware Director Owe Fiduciary Duties to That Director's Shareholders?, 15 Del. J. Corp.