Legal Opinion
In Re Drexel Burnham Lambert Group, Inc.
United States Bankruptcy Court, S.D. New York
Decided December 13, 1991No. 19-22132PublishedCited by 54 opinions
1Opinion of the Court
MEMORANDUM OF DECISION ON BANKRUPTCY RULE 9019(a)
FRANCIS G. CONRAD, Bankruptcy Judge.
The single issue 1 before this Court is whether or not we should approve a consulting and settlement agreement proposed by Debtor and Joseph, a Drexel insider. If a settlement agreement is fair and equitable and in a debtor’s best interest, and those of its creditors’, it will be approved. Approval of a compromise and settlement is committed to the sound discretion of the Court. In an exercise of that discretion, we hold that this consulting and settlement agreement meets this standard and approve the…
2Cases cited22 opinions
- Protective Committee for Independent Stockholders of TMT Trailer Ferry, Inc. v. AndersonSupreme Court of the United States · 1968
- Commodity Futures Trading Commission v. WeintraubSupreme Court of the United States · 1985
- In Re Grant CompanyCourt of Appeals for the Second Circuit · 1983
- In Re Texaco Inc.United States Bankruptcy Court, S.D. New York · 1988
- Standard Acc. Ins. Co. Of Detroit, Mich. v. Winget Winget v. Standard Acc. Ins. Co. Of Detroit, MichCourt of Appeals for the Ninth Circuit · 1952
17 more not listed; retrieve them via the Exa API.
3Cited by54 opinions
- In Re Drexel Burnham Lambert Group, Inc.United States Bankruptcy Court, S.D. New York · 1992
- In Re WorldCom, Inc.United States Bankruptcy Court, S.D. New York · 2006
- In The Matter Of Foster Mortgage Corporation, A Louisiana CorporationCourt of Appeals for the Fifth Circuit · 1996
- In Re DalenUnited States Bankruptcy Court, W.D. Michigan · 2001
- Connecticut General Life Insurance v. United Companies Financial Corp.Court of Appeals for the Fifth Circuit · 1995
49 more not listed; retrieve them via the Exa API.