In Re Karykeion, Inc.

How courts have described this case

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

• finding that the debtor had proven that rejection was necessary when the closing of a § 363 sale was contingent on rejection of a collective bargaining agreement
• refusing to “evaluate the wisdom” of purchaser’s insistence on rejection of the CBAs
• finding rejection of the CBA is “necessary to permit the debtor’s reorganization” where “the only reorganization option for the debtor is the sale of [its hospital] to [buyer] and that sale is contingent on the court approving the debtor’s rejection of these CBAs”
• finding rejection of the CBA is \necessary to permit the debtor's reorganization” where \the only reorganization option for the debtor is the sale of [its hospital] to [buyer] and that sale is contingent on the court approving the debtor’s rejection of these CBAs”
• “Just as section 1113 precludes a debtor from altering union contracts based on wishful thinking and speculation, a debtor facing imminent closure cannot base its rejection of its only suitor on a speculative white knight with greater riches.”

Source: CourtListener parenthetical corpus (CC0).