Legal Opinion
In re Owens Corning
Court of Appeals for the Third Circuit
Decided October 12, 2005No. 04-4080PublishedCited by 143 opinions
1Opinion of the Court
OPINION OF THE COURT
AMBRO, Circuit Judge.
We consider under what circumstances a court exercising bankruptcy powers may substantively consolidate affiliated entities. Appellant Credit Suisse First Boston (“CSFB”) is the agent for a syndicate of banks (collectively, the “Banks”)1 that extended in 1997 a $2 billion unsecured loan to Owens Corning, a Delaware corporation (“OCD”), and certain of its subsidiaries. This credit was enhanced in part by guarantees made by other OCD subsidiaries. The District Court granted a motion to consolidate the assets and liabilities of the OCD borrowers2 and…
2Cases cited35 opinions
- Grupo Mexicano De Desarrollo, S. A. v. Alliance Bond Fund, Inc.Supreme Court of the United States · 1999
- In Re: Combustion Engineering, Inc. First State Insurance Company Hartford Accident and Indemnity CompanyCourt of Appeals for the First Circuit · 2004
- Sampsell v. Imperial Paper & Color Corp.Supreme Court of the United States · 1941
- Norma J. Nesbit v. Gears Unlimited, IncCourt of Appeals for the Third Circuit · 2003
- In Re Marvel Entertainment Group, Inc.Court of Appeals for the Third Circuit · 1998
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3Cited by143 opinions
- Lisa Papotto v. Hartford Life & Accident InsurCourt of Appeals for the Third Circuit · 2013
- In Re Teleglobe Communications Corp.Court of Appeals for the Third Circuit · 2007
- Gold v. Winget (In Re NM Holdings Co.)United States Bankruptcy Court, E.D. Michigan · 2009
- In Re Armstrong World Industries, Inc.Court of Appeals for the Third Circuit · 2005
- Official Committee of Unsecured Creditors of Verestar, Inc. v. American Tower Corp. (In Re Verestar, Inc.)United States Bankruptcy Court, S.D. New York · 2006
138 more not listed; retrieve them via the Exa API.