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Rochelle's Daily Wire

Ninth Circuit Bars Third Parties from Seeking Damages for Dismissal of an ‘Involuntary’

If the involuntary corporate debtor was deadlocked and unable to act, the dissenter would have permitted a 50% shareholder to seek damage for dismissal of the petition.

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Opinion Link

Case Details

Judge Name

Mark J. Bennett

Case Citation

Vibe Micro Inc. v. SIG Capital LLC (In re 8Speed8 Inc.), 17-16277 (9th Cir. April 29, 2019)

Case Name

In re 8Speed8 Inc.

Case Type

Business
Court