Fifth Circuit Issues a Narrow Opinion Requiring Corporate Authority to File a Petition | ABI

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May 24, 2018

Fifth Circuit Issues a Narrow Opinion Requiring Corporate Authority to File a Petition

The appeals court avoids ruling broadly on the ability of a golden share or blocking provision to bar a company from filing bankruptcy voluntarily.

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Opinion Link

View Opinion

http://www.ca5.uscourts.gov/opinions/pub/18/18-60093-CV0.pdf

Case Details

Judge Name

Carolyn Dineen King

Case Citation

Franchise Services of North America Inc. v. U.S. Trustee (In re Franchise Services of North America Inc.), 18-60093 (5th Cir. May 22, 2018)

Case Name

In re Franchise Services of North America Inc.

Case Type

Court

Bankruptcy Tags

Bankruptcy Litigation

Corporate Governance

Practice and Procedure

Business Reorganization

Finance and Banking

Investment Banking