Legal Opinion
Zardinovsky v. Arctic Glacier Income Fund (In Re Arctic Glacier Int'l, Inc.)
Court of Appeals for the Third Circuit
Decided August 20, 2018No. 17-2522PublishedCited by 20 opinions
1Opinion of the Court
BIBAS, Circuit Judge.
Buying shares in a bankrupt company can be perilous business. Here, shareholders were on notice of Arctic Glacier's bankruptcy proceedings, were represented throughout those proceedings, and voted overwhelmingly to confirm the company's reorganization Plan. So their shares were subject to its benefits (its dividend-distribution scheme) as well as its burdens (its implementation particulars and releases of claims relating to the Plan). When appellants, the Brodskis, bought their shares from those shareholders, they stepped into their shoes. So the Brodskis bought shares…
2Cases cited14 opinions
- Travelers Indemnity Co. v. BaileySupreme Court of the United States · 2009
- In Re Fred J. Szostek, Denise M. SzostekCourt of Appeals for the Third Circuit · 1989
- In re Amatex Corp.Court of Appeals for the Third Circuit · 1985
- Donaldson v. BernsteinCourt of Appeals for the Third Circuit · 1997
- Wright v. Owens CorningCourt of Appeals for the Third Circuit · 2012
9 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
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- Fraser v. CitiMortgage, Inc. (In re Fraser)United States Bankruptcy Court, W.D. Pennsylvania · 2019
- BRAVODistrict Court, E.D. Pennsylvania · 2024
- Barrial v. U.S. Bank National Association, As Trustee for theUnited States Bankruptcy Court, D. New Jersey · 2022
15 more not listed; retrieve them via the Exa API.