“Golden Shares” May be Fool's Gold for Lenders - JD Supra (pres...

“Golden Shares” May be Fool's Gold for Lenders
JD Supra (press release)
In Franchise Services, the debtor's articles of incorporation prevented a bankruptcy filing without unanimous shareholder approval. That provision inspired two motions to dismiss the debtor's bankruptcy case, filed by (1) an entity that was both a ...