· 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 CourtListenerSourced 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.