Legal Opinion

Westship, Inc. v. Trident Shipworks, Inc.

District Court, M.D. Florida

Decided April 11, 2000No. Civ.A. 99-2435-CIV-T-24FPublishedCited by 7 opinions

1Opinion of the Court

MEMORANDUM AND ORDER

YOUNG, Chief Judge. 1

I. Introduction

Westship, Inc. (“Westship”) brings this appeal from the decision of the Bankruptcy Court to allow Trident Shipworks, Inc. (“Trident”), the Debtor, to assume a series of leases under 11 U.S.C. § 365 (1999). Westship contends that (1) the leases are not true leases but disguised financing transactions; and (2) the Bankruptcy Court erred by evaluating the proposed assumption under the “business judgment” standard rather than applying “strict scrutiny” to the alleged insider transaction.

II. Background

A. The Players

Prior to untangling the…

2Cases cited17 opinions

Butner v. United StatesSupreme Court of the United States · 1979
In Re Pch Associates, F/k/a Simon Associates, Debtor. Liona Corporation, N v. V. Pch AssociatesCourt of Appeals for the Second Circuit · 1986
Dean Witter Reynolds, Inc. v. Marilyn Kay Fernandez, Etc., Banco Nacional De Cuba, Defendants-Cross-Claimants-Appellees, Gilbert McDonaldCourt of Appeals for the Eleventh Circuit · 1984
International Trade Administration, and Home & City Savings Bank, Home & City Savings Bank v. Rensselaer Polytechnic InstituteCourt of Appeals for the Second Circuit · 1991
In Re Moreggia & Sons, Inc. City of San Francisco Market Corporation v. Edward M. Walsh, Trustee American Poultry Company, CreditorCourt of Appeals for the Ninth Circuit · 1988

12 more not listed; retrieve them via the Exa API.

3Cited by7 opinions

In Re Trans World Airlines, Inc.United States Bankruptcy Court, D. Delaware · 2001
Chira v. Saal (In Re Chira)District Court, S.D. Florida · 2007
Cook Sales, Inc. v. Shores (In Re Shores)District Court, M.D. Florida · 2005
GE Capital Commercial, Inc. v. Sylva Corp. (In re Sylva Corp.)United States Bankruptcy Appellate Panel for the Eighth Circuit · 2014
In Re Integrated Health Services, Inc.United States Bankruptcy Court, D. Delaware · 2001

2 more not listed; retrieve them via the Exa API.