(United States Fifth Circuit) – Held that energy companies emerging from bankruptcy did not have to pay certain creditors a contractual make-whole amount, even though the companies were now solvent due to a rise in commodity prices. Vacated and remanded.
(United States Second Circuit) – Affirmed a judgment in a dispute between two creditors of an agricultural produce company that filed for Chapter 7 bankruptcy. One of the creditors was another produce company that did business with the debtor. Because the goods were perishable agricultural commodities, the case involved the federal Perishable Agricultural Commodities Act.
(United States Fifth Circuit) – Held that a fired chief executive officer could sue the company’s secured creditor in state court. Affirmed that his tortious interference claim belonged in state court rather than in the company’s bankruptcy proceeding.