Legal Opinion

Consumer News & Business Channel Partnership v. Financial News Network Inc. (In re Financial News Network Inc.)

Court of Appeals for the Second Circuit

Decided November 25, 1992No. 1546, Docket 92-5011PublishedCited by 12 opinions

1Opinion of the Court

CARDAMONE, Circuit Judge:

This appeal concerns the difficult balancing act a bankruptcy court must perform when it conducts an auction of a debtor’s assets. It walks a tightrope between, on the one hand, providing for an orderly bidding process, recognizing the danger that absent such a fixed and fair process bidders may decline to participate in the auction; and, on the other hand, retaining the liberty to respond to differing circumstances so as to obtain the greatest return for the bankrupt estate.

Consumer News and Business Channel Partnership (CNBC, Consumer News or appellant) appeals from…

2Cases cited6 opinions

In the Matter of Vintero Corporation, Debtor. Vintero Corporation v. Corporacion Venezolana De FomentoCourt of Appeals for the Second Circuit · 1984
In re Gil-bern Industries, Inc.Court of Appeals for the Fifth Circuit · 1975
In re Muscongus Bay Co.Court of Appeals for the First Circuit · 1979
Electric Boat Co. v. East Hampton Shipping Co.Court of Appeals for the Second Circuit · 1931
In Re Financial News Network, Inc.District Court, S.D. New York · 1991

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

3Cited by12 opinions

In Re FOOD BARN STORES, INC., Debtor. FOUR B. CORPORATION, Creditor—Appellant, v. FOOD BARN STORES, INC., Debtor—AppelleeCourt of Appeals for the Eighth Circuit · 1997
Krys v. Farnum Place, LLCCourt of Appeals for the Second Circuit · 2014
In Re EdwardsUnited States Bankruptcy Court, E.D. Pennsylvania · 1998
Kabro Associates of West Islip, LLC v. Colony Hill Associates (In re Colony Hill Associates)Court of Appeals for the Second Circuit · 1997
Contrarian Funds, LLC v. Westpoint Stevens, Inc. (In Re Westpoint Stevens, Inc.)District Court, S.D. New York · 2005

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