Dye v. Sachs (In re Flashcom Inc.)

Oct

2014

11 U.S.C.
- § 105

Ruling:

Bankruptcy court had authority to modify stipulated judgment by limiting amount to actual damages.

Issue:

Was trustee entitled to enter and enforce a $9 million stipulated judgment pursuant to a buyout option in a stipulation with debtor's founders and shareholders?

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Court: 9th Circuit ( ) [ Bankruptcy Appellate Panel ]

Commercial case opionion summary, case decided on October 01,2014, LexisNexis #1014-106