American Classic Voyages Co. v. JP Morgan Chase Bank (In Re American Classic Voyages Co.)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• explaining that liquidation valuation is inappropriate unless the business is “wholly inoperative, defunct or dead on its feet” (citations omitted)
• “Before the going concern valuation is to be abandoned, the business must be wholly inoperative, defunct or dead on its feet.” (citation and quotation marks omitted)

Source: CourtListener parenthetical corpus (CC0).