POLICE AND FIRE RETIREMENT SYSTEM OF CITY OF DETROIT v. Callen

How courts have described this case

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

• “We agree that Ambac’s bankruptcy filing, by operation of law, divested [the stockholder-plaintiff] of standing to pursue Ambac’s claims derivatively, unless and until [the stockholder-plaintiff] is authorized to do so by the Bankruptcy Court.”
• “We agree that Ambac’s bankruptcy filing, by operation of law, divested [the stockholder- plaintiff] of standing to pursue Ambac’s claims derivatively, unless and until [the stockholder- plaintiff] is authorized to do so by the Bankruptcy Court.” (footnote omitted)

Source: CourtListener parenthetical corpus (CC0).