Jurisdiction Retention Clause in Sale Order Can't Provide Bankr...

06/14/17


JD Supra (press release)

Jurisdiction Retention Clause in Sale Order Can't Provide Bankruptcy Court Subject Matter Jurisdiction for Contract ...
JD Supra (press release)
The following day, the Debtors filed voluntary petitions under Chapter 11 of the Bankruptcy Code, as well as a motion seeking court approval of the APA. On September 26, 2011, the bankruptcy court entered the Sale Order which contained a provision ...

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