Legal Opinion
VFB LLC v. Campbell Soup Co.
Court of Appeals for the Third Circuit
Decided March 30, 2007No. 05-4879PublishedCited by 78 opinions
1Opinion of the Court
OPINION OF THE COURT
CUDAHY, Circuit Judge.
In 1998, Campbell Soup Co. incorporated a wholly-owned subsidiary, Vlasic Foods International, Inc., and sold it several food companies in exchange for borrowed cash. Then it issued the subsidiary’s stock to Campbell shareholders as an in-kind dividend, making VFI an independent company. Within three years of this transaction, VFI filed for bankruptcy and sold the food companies for less than it had paid for them. VFI has since reorganized into the bankruptcy creature VFB, LLC, and acting on behalf of VFI’s disappointed creditors claims that the…
2Cases cited33 opinions
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1994
- In the Matter of Douglas R. Prince and Jane Prince, Debtors-AppellantsCourt of Appeals for the Seventh Circuit · 1996
- Jean Alexander Cosmetics, Inc. v. L'OreaL Usa, Inc. Redkin 5th Avenue, N.Y.CCourt of Appeals for the Third Circuit · 2006
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3Cited by78 opinions
- Wooley v. LucksingerSupreme Court of Louisiana · 2011
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- New York Susquehanna and Western Railway Corp. v. JacksonCourt of Appeals for the Third Circuit · 2007
- Burtch v. Opus, LLC (In re Opus East, LLC)United States Bankruptcy Court, D. Delaware · 2015
- ASARCO LLC v. Americas Mining Corp.District Court, S.D. Texas · 2008
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