Rigco, Inc. v. Rauscher Pierce Refsnes, Inc.

MEMORANDUM DECISION AND ORDER

FITZWATER, District Judge.

On motion to intervene, the court is called upon to decide whether sole shareholders in a bankrupt corporation, who are partial guarantors of the bankrupt’s $2.75 million bank debt, and whose liability as guarantors could be ameliorated by the success of the bankrupt’s lawsuit against a third party, have a sufficient interest to intervene in the lawsuit as a matter of right. Because the court concludes that shareholders have failed to demonstrate a sufficient interest, it denies the motion.

I

Nolan H. Brunson, Jr., Kenneth R. Marsh, and…