Legal Opinion
Skolnick v. Atlantic Gulf Communities Corp. (In Re General Development Corp.)
District Court, S.D. Florida
Decided March 7, 1995No. 93-0597-Civ, 93-1378-CivPublishedCited by 15 opinions
1Opinion of the Court
ORDER
K. MICHAEL MOORE, District Judge:
This bankruptcy appeal addresses the circumstances in which shareholders can pursue a derivative action after a corporation has filed for bankruptcy reorganization.
I. Factual and procedural background
Appellants are shareholders of the defunct General Development Corporation (“GDC”). In March 1990, Appellants commenced a derivative action against former GDC directors and officers, alleging civil racketeering and breach of fiduciary duty claims. This action was assigned to Judge Stanley Marcus, a judge of this district. Prior to filing suit, Appellants did…
2Cases cited25 opinions
- Pepper v. LittonSupreme Court of the United States · 1939
- In the Matter of Consolidated Bancshares, Inc., D/B/A Consolidated Investors, Inc., Debtor. Pierson & Gaylen, Ray & Terrell & Grubbs, Cross- v Creel & Atwood and Jack Bryant, Cross-AppellantsCourt of Appeals for the Fifth Circuit · 1986
- Louisiana World Exposition v. Federal Insurance CompanyCourt of Appeals for the Fifth Circuit · 1988
- In Re Phillips Petroleum Securities Litigation. C.A. 85-14 Hudson v. Phillips Petroleum Company C.A. 85-45 Hudson v. Phillips Petroleum Company C.A. 85-281 Irwin v. Douce C.A. 85-401 Kelly v. Pickens C.A. 85-447 Lawrence v. Pickens C.A. 85-537 Cohen v. Mesa Petroleum Co. Appeal of Florence Hudson (Civil Action No. 85-14 Mms), Harry W. Voege S. Paul Posner & Co., a Partnership Ominsky, Joseph & Welsh, P.C., Defined Benefit Plan U/a Dated Ddt July 1, 1976, Albert Ominsky, Trustee Barnett Stepak Initio, Inc. Alfred D. Whitman Connecticut Medical Laboratory, Inc. Murray Bell Pierre Haber and Leonard Brawer (Civil Action No. 85-45 Mms), Christopher P. Kelly and Brynn Kelly, Trustees for the Kelly Family Trust Under Trust Agreement Dated as of October 1, 1977, on Behalf of Themselves and All Others Similarly Situated (Civil Action No. 85-401 Lon), John S. Lawrence, on Behalf of Himself and All Others Similarly Situated (Civil Action No. 85-447), Jerry C. Cohen (Civil Action No. 85-537 Mms). Appeal of John S. LawrenceCourt of Appeals for the Third Circuit · 1989
- In Re Irwin Hyman Janice Hyman, Debtors. Irwin Hyman Janice Hyman v. Gary A. Plotkin, TrusteeCourt of Appeals for the Ninth Circuit · 1992
20 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Feltman v. Warmus (In Re American Way Service Corp.)United States Bankruptcy Court, S.D. Florida. · 1999
- Arwood v. Dunn (In Re Caribbean K Line, Ltd.)District Court, S.D. Florida · 2002
- Bronx Chrysler Plymouth, Inc. v. Chrysler Corp.District Court, S.D. New York · 2002
- In Re RNI Wind Down Corp.United States Bankruptcy Court, D. Delaware · 2006
- Williams v. McGreevey (In Re Touch America Holdings, Inc.)United States Bankruptcy Court, D. Delaware · 2009
10 more not listed; retrieve them via the Exa API.