In Re: Continental Airlines, Inc.
Court of Appeals for the Third Circuit
1Opinion of the Court
OPINION OF THE COURT
RENDELL, Circuit Judge:
In this bankruptcy-related appeal, we consider the validity of a provision in Continental Airlines’ plan of reorganization that released and permanently enjoined shareholder lawsuits against certain of Continental Airlines’ present and former directors and officers who were not themselves in bankruptcy. The Bankruptcy Court made no specific findings regarding its jurisdiction, substantive legal authority, or factual basis to justify this provision. The District Court nonetheless upheld the provision. We will reject Continental Airlines’ contention…
2Cases cited56 opinions
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- Celotex Corp. v. EdwardsSupreme Court of the United States · 1995
- Norwest Bank Worthington v. AhlersSupreme Court of the United States · 1988
- Stoll v. GottliebSupreme Court of the United States · 1938
- Sanders Confectionery Products, Inc. v. Heller Financial, Inc.Court of Appeals for the Sixth Circuit · 1992
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