Legal Opinion
Blomberg v. Riley (In Re Riley)
United States Bankruptcy Court, E.D. Wisconsin
Decided July 10, 2006No. 19-21582PublishedCited by 11 opinions
1Opinion of the Court
DECISION
JAMES E. SHAPIRO, Bankruptcy Judge.
INTRODUCTION
There is a bitter lesson to be learned from this adversary proceeding:
When a majority stockholder of a corporation lets personal and/or family interests interfere with and dictate the course of the corporation’s business operations to the detriment of the minority stockholders, it spells “trouble — big, big trouble — with a capitalT.” 1
That is precisely what happened here.
This is a core proceeding pursuant to 28 U.S.C. §§ 157(b)(2)(I) and (J).
BACKGROUND
Elizabeth Riley (“Riley”), the debtor in this case, was the sole stockholder of Eli…
2Cases cited15 opinions
- Grogan v. GarnerSupreme Court of the United States · 1991
- In Re Seymour Chalik, Debtor. Seymour Chalik v. Harold D. Moorefield, Jr., TrusteeCourt of Appeals for the Eleventh Circuit · 1984
- Scholes v. LehmannCourt of Appeals for the Seventh Circuit · 1995
- In the Matter of Malen A. Juzwiak, Debtor-AppellantCourt of Appeals for the Seventh Circuit · 1996
- In the Matter of Daniel J. Yonikus and Carolyn S. Yonikus, Debtors. Appeal of Daniel J. YonikusCourt of Appeals for the Seventh Circuit · 1992
10 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- In Re PisculliDistrict Court, E.D. New York · 2010
- Neary v. Mosher (In Re Mosher)United States Bankruptcy Court, N.D. Illinois · 2009
- Patriot Grp. v. Fustolo (In re Fustolo)United States Bankruptcy Court, D. Massachusetts · 2019
- Pisculli v. T.S. Haulers, Inc.District Court, E.D. New York · 2010
- Spohn v. Carney (In re Carney)United States Bankruptcy Court, N.D. Illinois · 2016
6 more not listed; retrieve them via the Exa API.