Legal Opinion
Jackson v. Pacific Energy Resources
Court of Appeals for the Ninth Circuit
Decided August 6, 1982No. 81-5680PublishedCited by 4 opinions
1Opinion of the Court
FARRIS, Circuit Judge:
BACKGROUND
Transcontinental Energy Corporation went into bankruptcy in late 1977. Its assets included limited partnership interests in four oil producing properties. These were sold with the bankruptcy court’s approval to appellee Pacific Energy Resources, a company whose controlling owner was Richard Young. After the sale, a group of Transcontinental’s minority shareholders and creditors petitioned the bankruptcy court to set that sale aside because of inadequate price, mistake, fraud, and breach of fiduciary duty. After holding a full evidentiary hearing, the bankruptcy…
2Cases cited15 opinions
- Jackson v. SmithSupreme Court of the United States · 1919
- Cada Investments, Inc. v. LakeCourt of Appeals for the Ninth Circuit · 1981
- In the Matter of Christian and Porter Aluminum Company, Bankrupt. Kerry H. Gough, Trustee v. Dewayne F. TitusCourt of Appeals for the Ninth Circuit · 1978
- In Re Beck Industries, Inc.Court of Appeals for the Second Circuit · 1979
- In the Matter of General Insecticide Co., Inc., BankruptCourt of Appeals for the Second Circuit · 1968
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3Cited by4 opinions
- Matter of Fa Potts and Co., Inc.District Court, E.D. Pennsylvania · 1988
- Fleet National Bank v. H & D Entertainment, Inc.District Court, D. Massachusetts · 1996
- In Re Transcontinental Energy CorporationCourt of Appeals for the Ninth Circuit · 1982
- In Re Todem Homes, Inc.United States Bankruptcy Court, S.D. New York · 1985