Legal Opinion
Connecticut General Life Insurance v. United Companies Financial Corp.
Court of Appeals for the Fifth Circuit
Decided November 9, 1995No. 95-10147PublishedCited by 32 opinions
1Opinion of the Court
REYNALDO G. GARZA Circuit Judge:
In this opinion, we consider the propriety of a compromise settlement agreement between a debtor company Foster Mortgage (Foster) and its parent corporation United Companies (United) in Chapter 11 bankruptcy. Connecticut General Life Insurance Company, representing unsecured creditors (the Noteholders) holding 95% of Foster’s indebtedness, opposed the settlement agreement. 1 For the reasons stated below, we vacate the settlement and remand for further proceedings.
Background
Foster is a Louisiana corporation that engaged in the mortgage servicing business from…
2Cases cited15 opinions
- Protective Committee for Independent Stockholders of TMT Trailer Ferry, Inc. v. AndersonSupreme Court of the United States · 1968
- In Re a & C Properties, Debtors. William W. Martin, Superseded by Gilbert Robinson, in Intervention v. William E. Kane, Barbara Kelly, K & K Properties, Inc., and Investors Replacement, Inc., William W. Martin, Objectors-Plaintiffs-Appellants v. Gilbert Robinson, Trustee in Bankruptcy, in InterventionCourt of Appeals for the Ninth Circuit · 1986
- Drexel v. LoomisCourt of Appeals for the Eighth Circuit · 1929
- Wallis v. Justice Oaks II, Ltd.Supreme Court of the United States · 1990
- Jackson Brewing Company v. HerpelCourt of Appeals for the Fifth Circuit · 1980
10 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- Cadle Co. v. Mims (In Re Moore)Court of Appeals for the Fifth Circuit · 2010
- Official Committee of Unsecured Creditors v. Cajun Electric Power Cooperative, Inc. Ex Rel. MabeyCourt of Appeals for the Fifth Circuit · 1997
- In The Matter Of Foster Mortgage Corporation, A Louisiana CorporationCourt of Appeals for the Fifth Circuit · 1996
- In re BirdUnited States Bankruptcy Court, S.D. Texas · 2017
- In re HowardUnited States Bankruptcy Court, S.D. Mississippi · 2015
27 more not listed; retrieve them via the Exa API.