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· 6/20/1994

In Re Cgi Industries, Incorporated Formerly Known as Creative Glassworks International, Incorporated, Debtor-Appellant

Citations

  • 27 F.3d 296
  • 31 Collier Bankr. Cas. 2d 895
  • 1994 U.S. App. LEXIS 15175
  • 25 Bankr. Ct. Dec. (CRR) 1273
  • 1994 WL 268121

How courts have described this case

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

  • stating that two complementary policies support this conclusion: (1) the importance of encouraging finality in bankruptcy sales by protecting good-faith purchasers; and (2) the court's general jurisdictional bar from deciding cases in which it cannot provide a remedy
  • finding stay of the sale “intrusive to the extent that it prevents [the good faith purchaser] from proceeding with the malpractice action, leaving the company with an asset that it has paid for but cannot put to use as it sees fit”
  • finding stay of the sale “intrusive to the extent that it prevents [the good faith purchaser] from proceeding with the malpractice action, leaving the company with an asset that it has paid for but cannot put to use as it sees fit”

Source: CourtListener parenthetical corpus (CC0).

Judges: Lay, Coffey, Rovner

Read full opinion on CourtListener

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.