Legal Opinion

Brandt v. Hicks, Muse & Co. (In Re Healthco International, Inc.)

United States Bankruptcy Court, D. Massachusetts

Decided April 9, 1997No. 19-40212PublishedCited by 25 opinions

1Opinion of the Court

OPINION

JAMES F. QUEENAN, Jr., Bankruptcy Judge.

William A. Brandt, Jr., the chapter 7 trustee (the “Trustee”), has brought this action against virtually everyone who participated in the 1991 leveraged buyout (the “LBO”) of the debtor, Healthco International, Inc. (“Healthco”). The initial defendants included selling shareholders, the buyer, financing banks (who have since settled for $10 million), debenture holders, directors, officers, financial advisors, lawyers and accountants. The Trustee asserts the LBO burdened Healthco with obligations under bank loans and subordinated debentures whose…

2Cases cited48 opinions

  1. Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
  2. Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
  3. Pepper v. LittonSupreme Court of the United States · 1939
  4. Jose MEDINA-MUNOZ, Etc., Et Al., Plaintiffs, Appellants, v. R.J. REYNOLDS TOBACCO COMPANY, Defendant, AppelleeCourt of Appeals for the First Circuit · 1990
  5. Aronson v. LewisSupreme Court of Delaware · 1984

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3Cited by25 opinions

  1. Production Resources Group, L.L.C. v. NCT Group, Inc.Court of Chancery of Delaware · 2004
  2. Smith v. Arthur Andersen LLPCourt of Appeals for the Ninth Circuit · 2005
  3. Hicks, Muse & Co. v. BrandtCourt of Appeals for the First Circuit · 1998
  4. Official Committee of Unsecured Creditors of Toy King Distributors, Inc. v. Liberty Savings Bank, FSB (In Re Toy King Distributors, Inc.)United States Bankruptcy Court, M.D. Florida · 2000
  5. Brandt v. Wand PartnersCourt of Appeals for the First Circuit · 2001

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