Know When to Fold ‘Em - Texas Bankruptcy Court Enjoins Losing Bidder’s “Sour Grapes” Attempt to Bring Derivative Claims Under the Guise of Direct Claims

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Location
USA
Firm
Weil Gotshal & Manges LLP
Tags
USA
Texas
Derivatives
Insolvency & Restructuring
Litigation
Weil Gotshal & Manges LLP
Bankruptcy
Shareholder
Debtor
Injunction
Breach of contract
Fiduciary
Limited liability company
Majority opinion
United States bankruptcy court
US District Court for Southern District of Texas