Legal Opinion
Willson v. Vanderlick (In re Central Louisiana Grain Cooperative, Inc.)
United States Bankruptcy Court, W.D. Louisiana
Decided January 31, 2012No. Bankruptcy No. 08-80475; Adversary No. 10-08009PublishedCited by 4 opinions
1Opinion of the Court
*392MEMORANDUM RULING
ROBERT SUMMERHAYS, Bankruptcy Judge.
In the present adversary proceeding, Thomas R. Willson, the duly-appointed Chapter 7 Trustee (the “Trustee”) of Central Louisiana Grain Cooperative, Inc. (the “Debtor”), asserts claims against ten (10) former members of the Debtor’s board of directors. The Trustee’s original complaint for damages (the “Complaint”) alleges that these defendants breached their fiduciary duties to the Debtor, failed to exercise adequate oversight and control, and failed to maintain adequate records. (Complaint at ¶¶ 16-28.) In addition to the former directors,…
2Cases cited20 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Stern v. MarshallSupreme Court of the United States · 2011
- Pepper v. LittonSupreme Court of the United States · 1939
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3Cited by4 opinions
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