Legal Opinion

CII Parent, Inc.

United States Bankruptcy Court, D. Delaware

Decided April 12, 2023No. 22-11345Unknown

1Opinion

IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE Tn re: Chapter 11 CIT PARENT, INC,, Case No. 22-11345 (LSS) Debtor. Re: Docket Nos. 12 & 30 OPINION Before me is CII’s Parent, Inc.’s (*CII” or “Debtor”) Motion to Enforce the Automatic Stay’ and Twin Brook Capital Partner LLC’s (“Twin Brook”) Motion to Dismiss.” Both motions implicate a corporate governance dispute over the proper boards of non-debtor direct and indirect subsidiaries, CII asserts an underhanded exercise of proxy rights by its primary (if not only creditor) without proper notice, which deprives CII of the…

2Cases cited15 opinions

  1. United States v. Whiting Pools, Inc.Supreme Court of the United States · 1983
  2. In Re: Anne L. O'DOwD Anne L. O'DOwD v. Howard C. Trueger David B. Biunno Vincent D. Commisa Marisa A. Taormina Biunno, Commisa and Taormina, P.CCourt of Appeals for the Third Circuit · 2000
  3. Sanford Kreisler Bask Holdings, LLC v. Glenn H. Goldberg, T/a S. Goldberg-Cust Srg Properties No. 5, Llc, Creditors-AppelleesCourt of Appeals for the Fourth Circuit · 2007
  4. Crown Emak Partners, LLC v. KurzSupreme Court of Delaware · 2010
  5. Official Bondholders Committee v. Chase Manhatten Bank (In Re Marvel Entertainment Group, Inc.)District Court, D. Delaware · 1997

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