In Re Reliant Energy Channelview LP

How courts have described this case

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

• observing that “debtors-in- possession have a fiduciary duty to maximize the value of the estate”
• applying O’Brien approach to affirm bankruptcy court’s rejection of a break-up fee request by failed stalking horse bidder, and reasserting that the business judgment rule should not apply in evaluating the request
• \The practice of paying a break-up fee to an initial bidder for assets has developed. . . to compensate the bidder for memorializing its interest in acquiring the asset.\
• “we will not consider new claims for the first time on appeal”
• plaintiff may not assert new claims for the first time on appeal

Source: CourtListener parenthetical corpus (CC0).