- FRBP
In re SI Restructuring Inc.
Dec
11
2009
Ruling
Court denied motion to reconsider ruling that chapter 11 plan did not reserve rights of action against LLC and debtor's former directors.
Procedural posture
The movants filed a motion pursuant to § 7.7 of a confirmed amended plan of liquidation (the 7.7 motion) requesting permission for derivative standing to file estate causes of action against a limited liability partnership and against former directors of the chapter 11 debtor (the potential defendants). The court denied the 7.7 motion. The movants filed a motion to reconsider under Fed. R. Bankr. P. 9023. The potential defendants objected.
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Court
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