In re Bicoastal Holding Co.

Ruling: 
Involuntary petition dismissed as filed in bad faith against shell corporation with no assets.
Procedural posture: 
Creditor filed an involuntary bankruptcy case against a debtor holding company. The debtor moved to dismiss the involuntary chapter 7 petition as filed in bad faith and for costs, attorneys' fees, damages, and punitive damages.
Issue: 
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Commercial case opionion summary, case decided on March 11,2009, LexisNexis #0509-072