Legal Opinion
In Re Westerleigh Development Corp.
United States Bankruptcy Court, S.D. New York
Decided June 4, 1992No. 18-36727PublishedCited by 20 opinions
1Opinion of the Court
DECISION ON MOTION FOR ORDER DISMISSING INVOLUNTARY PETITION
HOWARD SCHWARTZBERG, Bankruptcy Judge.
The debtor’s failure to develop the last of five vacant lots which it owned due to a dispute between its only two shareholders resulted in an involuntary Chapter 11 petition filed against the debtor. One shareholder moved to dismiss the involuntary petition and the other shareholder’s corporation objected, among other things, to the movant’s standing to oppose the petition. Anthony G. Di Paolo (“Di Paolo”), a 50% shareholder, director and officer of the debtor, Westerleigh Development Corp.,…
2Cases cited5 opinions
- Remex Electronics Ltd. v. Axl Industries, Inc. (In Re Axl Industries, Inc.)District Court, S.D. Florida · 1991
- In Re New Era Co.District Court, S.D. New York · 1991
- In Re New Era Co.United States Bankruptcy Court, S.D. New York · 1990
- In Re Ceiling Fan Distributor, Inc.United States Bankruptcy Court, M.D. Louisiana · 1983
- In Re Oakland Popcorn Supply, Inc.District Court, N.D. California · 1963
3Cited by20 opinions
- In Re RCM Global Long Term Capital Appreciation Fund, Ltd.United States Bankruptcy Court, S.D. New York · 1996
- In Re AdBrite Corp.United States Bankruptcy Court, S.D. New York · 2003
- In Re NorrisUnited States Bankruptcy Court, W.D. Louisiana · 1995
- In Re SpadeUnited States Bankruptcy Court, D. Colorado · 2001
- Cohen v. State ex rel. StewartSupreme Court of Delaware · 2014
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