King v. Yaeger

How courts have described this case

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

• noting that “‘potential harm incident to the bankruptcy court's orders’ is insufficient to render a party ‘directly and pecuniarily affected by them’”
• recognizing Manville was a “financially besieged enterprise in desperate need of reorganization of its crushing debt, both present and future”
• stating that success need not be guaranteed—the possibility that a plan may fail is not fatal—but a plan must be supported by adequate evidence that some reasonable assurance of success exists
• stating that this limitation is “more exacting” than Article III standing because constitutional injury in fact need not be financial and need be fairly tracea ble only to alleged illegal action
• affirming confirmation of a Chapter 11 plan where the company “honestly believed that it was in need of reorganization and that the Plan was negotiated and proposed with the intention of accomplishing a successful reorganization”
• describing future asbestos liabilities as “the raison d’etre of the Manville reorganization”

Source: CourtListener parenthetical corpus (CC0).