Matter of Lifeguard Industries, Inc.

How courts have described this case

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

• holding that under § 1107(a) the court can prevent elected management from taking control and restrict the board of directors’ control over the day-to-day affairs of the company
• court refused to approve new management of a debtor-in-possession proposed by a newly-elected board of directors

Source: CourtListener parenthetical corpus (CC0).