Ninth Circuit Bars Third Parties from Seeking Damages for Dismissal of an ‘Involuntary’
If the involuntary corporate debtor was deadlocked and unable to act, the dissenter would have permitted a 50% shareholder to seek damage for dismissal of the petition.
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Case Details
Judge Name
Case Citation
Vibe Micro Inc. v. SIG Capital LLC (In re 8Speed8 Inc.), 17-16277 (9th Cir. April 29, 2019)
Case Name
In re 8Speed8 Inc.
Case Type
Business