- 11 U.S.C.
DeQueen Gen. Hosp. Inc. v. JCE Healthcare Group LLC (In re DeQueen Gen. Hosp. Streetman & Meeks)
Oct
20
2009
Ruling
Distribution agent created by chapter 11 plan was entitled to award of mistakenly diverted funds and attorneys' fees due to delay in closing sale of assets.
Procedural posture
Plaintiff, distribution agent on behalf of the debtor, filed an adversary proceeding against defendants, the debtor hospital and its purchaser, alleging violations of multiple agreements and agency and fiduciary duties, and seeking a variety of relief arising out of the sale of assets from the debtor to the purchaser. The amount paid to the distribution agent was substantially less than was estimated by the plan and the disclosure statement.
ABI Membership is required to access the full summary of DeQueen Gen. Hosp. Inc. v. JCE Healthcare Group LLC (In re DeQueen Gen. Hosp. Streetman & Meeks) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: