Wooley v. Haynes & Boone, L.L.P.
Court of Appeals for the Fifth Circuit
1Opinion of the Court
EDWARD C. PRADO, Circuit Judge:
John C. Wooley and Jeffrey J. Wooley appeal the denial of their motion to pursue post-confirmation causes of action on behalf of a reorganized debtor. Because the Wooleys lack standing to pursue the actions, we AFFIRM.
Background
In August 2004, SI Restructuring, Inc. (fik/a Schlotzsky’s Inc.) and certain affiliates (the “Debtors”) filed for Chapter 11 bankruptcy protection. The Debtors retained Haynes and Boone, L.L.P. as counsel and, in December 2004, sold substantially all of their assets. Four months later, the committee of unsecured creditors (the…
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