Official Committee of Unsecured Creditors v. Cajun Electric Power Cooperative, Inc. Ex Rel. Mabey
Court of Appeals for the Fifth Circuit
1Opinion of the Court
BENAVIDES, Circuit Judge:
Cajun Electric Power Cooperative, Inc. (“Cajun”) is a non-profit rural electrical power cooperative that made an imprudent investment in a nuclear power plant and is now a Chapter 11 debtor. In this bankruptcy appeal, a committee representing more than 500 unsecured trade creditors asserting claims of approximately $7 million objects to the settlement of litigation between Cajun and its two largest creditors. The district court, having withdrawn the reference to the bankruptcy court in order to superintend the case directly, approved the settlement.
Cajun’s largest…
2Cases cited17 opinions
- Coopers & Lybrand v. LivesaySupreme Court of the United States · 1978
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- In the Matter of Mobile Steel Company, Debtor. Elaine E. Benjamin v. Lester Y. Diamond, as Trustee in Bankruptcy for Mobile Steel, Inc.Court of Appeals for the Fifth Circuit · 1977
- In the Matter of Fabricators, Inc., Debtor. Fabricators, Inc., Cross-Appellant v. Technical Fabricators, Inc., Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1991
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- In Re General Motors Corp.United States Bankruptcy Court, S.D. New York · 2009
- Official Committe of Unsecured Creditors v. MoellerCourt of Appeals for the Fifth Circuit · 2015
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