Legal Opinion
Hicks, Muse & Co. v. Brandt
Court of Appeals for the First Circuit
Decided February 13, 1998No. 97-1381PublishedCited by 82 opinions
1Opinion of the Court
CYR, Senior Circuit Judge.
The question presented on appeal is whether the bankruptcy court abused its discretion by approving a settlement between the chapter 7 trustee for Healtheo International, Inc. and a consortium of banks (“the Bank Group”) which financed a prepetition leveraged buy-out (“LBO”) of Healtheo by appellants Hicks Muse & Co., Inc. and its coinvestors (collectively: “Hicks Muse”). We affirm.
I
BACKGROUND
Appellant Hicks Muse financed the 1991 LBO with a $50 million term loan and a $65 million revolving credit facility from the Bank Group, secured by liens on all Healtheo assets.…
2Cases cited37 opinions
- Protective Committee for Independent Stockholders of TMT Trailer Ferry, Inc. v. AndersonSupreme Court of the United States · 1968
- Caplin v. Marine Midland Grace Trust Co. of New YorkSupreme Court of the United States · 1972
- In Re Grant CompanyCourt of Appeals for the Second Circuit · 1983
- The Matter of Zale Corporation, Debtor. Alan D. Feld, and National Union Fire Insurance Company, Inc., of Pittsburgh, Pennsylvania v. Zale CorporationCourt of Appeals for the Fifth Circuit · 1995
- In Re a & C Properties, Debtors. William W. Martin, Superseded by Gilbert Robinson, in Intervention v. William E. Kane, Barbara Kelly, K & K Properties, Inc., and Investors Replacement, Inc., William W. Martin, Objectors-Plaintiffs-Appellants v. Gilbert Robinson, Trustee in Bankruptcy, in InterventionCourt of Appeals for the Ninth Circuit · 1986
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3Cited by82 opinions
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- Spenlinhauer v. O'DonnellCourt of Appeals for the First Circuit · 2001
- Williams v. Citifinancial Mortgage Co. (In Re Williams)United States Bankruptcy Appellate Panel for the Eighth Circuit · 2001
- Rhode Island Department of Environmental Management v. United StatesCourt of Appeals for the First Circuit · 2002
- Brandt v. Wand PartnersCourt of Appeals for the First Circuit · 2001
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