Legal Opinion
Akanthos Capital Management, LLC v. Compucredit Holdings Corp.
Court of Appeals for the Eleventh Circuit
Decided April 25, 2012No. 11-13227PublishedCited by 19 opinions
1Opinion of the Court
WILSON, Circuit Judge:
This case concerns the applicability of a standard “no-action clause” in a trust indenture governing a company’s notes. The clause at issue states that a noteholder cannot “pursue any remedy with respect to this Indenture or the Securities” unless the noteholder falls within one of two exceptions. This appeal asks whether noteholders who do not fall within a stated exception to the clause may nonetheless bring fraudulent transfer claims against the issuer of the securities and its directors and officers. Although the district court found the no-action clause inapplicable…
2Cases cited23 opinions
- Larry Bonner v. City of Prichard, AlabamaCourt of Appeals for the Eleventh Circuit · 1981
- Hormel v. HelveringSupreme Court of the United States · 1941
- Greenfield v. Philles Records, Inc.New York Court of Appeals · 2002
- Oxford Asset Mgmt. Ltd. v. Michael JaharisCourt of Appeals for the Eleventh Circuit · 2002
- Fed. Sec. L. Rep. P 97,956 David Broad v. Rockwell International CorporationCourt of Appeals for the Fifth Circuit · 1981
18 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Nedzad Miljkovic v. Shafritz and Dinkin, P.A.Court of Appeals for the Eleventh Circuit · 2015
- Faire Feaz v. Wells Fargo Bank, N.A.Court of Appeals for the Eleventh Circuit · 2014
- Young v. BP Exploration & Production, Inc.Court of Appeals for the Fifth Circuit · 2015
- Blue Martini Kendall, LLC v. Miami Dade County FloridaCourt of Appeals for the Eleventh Circuit · 2016
- Degutis v. Financial Freedom, LLCDistrict Court, M.D. Florida · 2013
14 more not listed; retrieve them via the Exa API.