Franchise Servs. of N. Am., In re--Franchise Servs. of N. Am. v. United States Trs.

Ruling: 
Federal bankruptcy law does not prevent a bona fide equity holder from exercising its voting rights to prevent a corporation from filing a voluntary bankruptcy petition just because it also holds a debt owed by the corporation and owes no fiduciary duty to the corporation or its fellow shareholders. (5th Cir.)
Issue: 
Voluntary Cases.
ABI Membership is required to access the full summary of Franchise Servs. of N. Am., In re--Franchise Servs. of N. Am. v. United States Trs.. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court: Judge or Jurisdiction information not available
Commercial case opionion summary, case decided on May 22,2018, LexisNexis #0618-091