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Liquidating Tr. of the Appalachian Fuels Liquidating Trust v. Energy Coal Res. (In re Appalachian Fuels)

Aug
20
2014
Ruling
Debtor subsidiary's estate did not have a claim against directors of parent corporation for breach of fiduciary duty.
Issue(s)
Whether individual directors, the independent directors, of a parent entity, owe fiduciary duties to an insolvent subsidiary that would give rise to a cause of action on behalf to the estate?

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Commercial opinion summary, case decided on August 20, 2014 , LexisNexis #0914-092
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Lexington Coal Co. LLC v. Miller Buckfire LEWIS Ying & Co. LLC (In re HNRC Dissolution Co.)

Mar
22
2006
Ruling
Fee application of bankers were approved since a credit bid was contemplated as included in the fee calculation and thus did not warrant modifying the fee agreement.
Procedural posture

The bankruptcy court ordered the payment of certain administrative fees to appellee, an investment banker retained by debtors, pursuant to the banker's fee application. The fee application sought compensation in the amount of $9.35 million as well as reimbursement of expenses. The bankruptcy court approved the fee application with some adjustments. Appellants challenged the decision.

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opinion summary, case decided on March 22, 2006 , LexisNexis #0406-042
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