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Chemical Separations Corp. v. Foster Wheeler Corp. (In Re Chemical Separations Corp.)

United States Bankruptcy Court, E.D. Tennessee

Decided August 29, 1983No. Bankruptcy No. 3-82-01569, Adv. No. 3-83-0302PublishedCited by 23 opinions

1Opinion of the Court

MEMORANDUM AND ORDER ON DEFENDANT’S MOTION TO DISMISS OR, IN THE ALTERNATIVE, FOR A MORE DEFINITE STATEMENT

CLIVE W. BARE, Bankruptcy Judge.

At issue is whether an appointed creditors’ committee, 11 U.S.C.A. § 1102 (1979), has standing to pursue an action in the name and on behalf of a debtor in possession. The creditors’ committee contends it has implied authority, pursuant to 11 U.S. C.A. §§ 1103(c)(5) and 1109(b) (1979), to commence claims on behalf of the debtor in possession. Defendant Foster Wheeler Corporation, the majority stockholder of the debtor in possession, insists that the…

2Cases cited6 opinions

  1. Conley v. GibsonSupreme Court of the United States · 1957
  2. Committee of Unsecured Creditors v. Monsour Medical Center (In Re Monsour Medical Center)United States Bankruptcy Court, W.D. Pennsylvania · 1980
  3. Official Committee of Unsecured Creditors of Joyanna Holitogs, Inc. v. I. Hyman Corp. (In Re Joyanna Holitogs, Inc.)United States Bankruptcy Court, S.D. New York · 1982
  4. Official Creditors' Committee of the Wesco Products Co. Ex Rel. Wesco Products Co. v. Alloy Automotive Co. (In Re Wesco Products Co.)United States Bankruptcy Court, N.D. Illinois · 1982
  5. Segarra v. Banco Central Y Economias (In Re Segarra)United States Bankruptcy Court, D. Puerto Rico · 1981

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3Cited by23 opinions

  1. Louisiana World Exposition v. Federal Insurance CompanyCourt of Appeals for the Fifth Circuit · 1988
  2. Official Committee of Unsecured Creditors v. Austin Financial Services, Inc. (In Re KDI Holdings, Inc.)United States Bankruptcy Court, S.D. New York · 1999
  3. Fuel Oil Supply & Terminaling v. Gulf Oil Corp.Court of Appeals for the Fifth Circuit · 1985
  4. In Re Nicolet, Inc.United States Bankruptcy Court, E.D. Pennsylvania · 1988
  5. Official Committee of Unsecured Creditors of America's Hobby Center, Inc. v. Hudson United Bank (In Re America's Hobby Center, Inc.)United States Bankruptcy Court, S.D. New York · 1998

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