Legal Opinion
Franchise Servs. of N. Am., Inc. v. U.S. Tr. (In Re Franchise Servs. of N. Am., Inc.)
Court of Appeals for the Fifth Circuit
Decided May 22, 2018No. 18-60093PublishedCited by 28 opinions
1Opinion of the Court
KING, Circuit Judge:
Under longstanding Supreme Court precedent, state law dictates the procedures a corporation must follow to authorize a bankruptcy filing. When those procedures place the decision in the hands of the corporation's creditors, some courts have allowed the bankruptcy to proceed even though the creditors withheld consent. This case presents a related but distinct question: when the certificate of incorporation requires the consent of a majority of the holders of each class of stock, does the sole preferred shareholder lose its right to vote against (and therefore avert) a…
2Cases cited38 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Flast v. CohenSupreme Court of the United States · 1968
- Campbell-Ewald Co. v. GomezSupreme Court of the United States · 2016
- Yamaha Motor Corp., USA v. CalhounSupreme Court of the United States · 1996
- Francine Klingman v. Melvin E. LevinsonCourt of Appeals for the Seventh Circuit · 1987
33 more not listed; retrieve them via the Exa API.
3Cited by28 opinions
- Kimberly Meador v. Apple, IncorporatedCourt of Appeals for the Fifth Circuit · 2018
- Siegal v. Everett (In re Siegal)United States Bankruptcy Court, D. Maryland · 2018
- 3P Hightstown, LLCUnited States Bankruptcy Court, D. New Jersey · 2021
- All Saints Episcopal ChurchUnited States Bankruptcy Court, N.D. Texas · 2021
- Atlantic Maritime Services LLCSDistrict Court, S.D. Texas · 2023
23 more not listed; retrieve them via the Exa API.