Franchise Servs. of N. Am., In re--Franchise Servs. of N. Am. v. United States Trs.

Ruling: 
Federal bankruptcy law does not prevent a bona fide equity holder from exercising its voting rights to prevent a corporation from filing a voluntary bankruptcy petition just because it also holds a debt owed by the corporation and owes no fiduciary duty to the corporation or its fellow shareholders. (5th Cir.)
Issue: 
Voluntary Cases.
Court: Judge or Jurisdiction information not available
ABI Membership is required to access the full summary of Franchise Servs. of N. Am., In re--Franchise Servs. of N. Am. v. United States Trs.. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on May 22,2018, LexisNexis #0618-091