In re Diamondhead Casino Corp.

Ruling: 
Involuntary case brought by noteholders and shareholders of debtor casino to collect debt and replace directors after losing a proxy fight dismissed as filed for an improper purpose.
Procedural posture: 
Issue: 
Should involuntary case be dismissed as not filed for a proper bankruptcy purpose?
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Commercial case opionion summary, case decided on June 07,2016, LexisNexis #0716-092