(United States Seventh Circuit) – Held that the sole owner of an electrical contracting company could discharge a debt in bankruptcy. The National Labor Relations Board had ordered him to provide backpay to employees he had terminated after their attempt to unionize the company. Affirmed that the debt was dischargeable in his Chapter 7 bankruptcy proceeding.
(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.