- 11 U.S.C.
Franchise Servs. of N. Am., In re--Franchise Servs. of N. Am. v. United States Trs.
May
22
2018
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(s)
Voluntary Cases.
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