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Fifth Circuit: Bad Faith Does Not Overcome Deferential Business Judgment Standard Applied to Assumption or Rejection of Contracts in Bankruptcy | Jones Day

The ability of a bankruptcy trustee or chapter 11 debtor-in-possession ("DIP") to assume, assume and assign, or reject executory contracts and unexpired leases is an important tool.

Puerto ricoUnited statesKlairmont kornersHoldings incEnergy regulatory commissionGulfport energy corpUs courtJc penney direct marketing servicesOsee missionUltra petroleum corpJones dayJc penney properties incRichmond leasing coRichmond metal finishers incLubrizol enterprises incPittsburgh steel corp

Fifth Circuit: Bad Faith Does Not Overcome Deferential Business Judgment Standard Applied to Assumption or Rejection of Contracts in Bankruptcy

The ability of a bankruptcy trustee or chapter 11 debtor-in-possession ("DIP") to assume, assume and assign, or reject executory contracts and…

Puerto ricoUnited statesKlairmont kornersHoldings incEnergy regulatory commissionGulfport energy corpUs courtJc penney direct marketing servicesOsee missionUltra petroleum corpJc penney properties incRichmond leasing coRichmond metal finishers incLubrizol enterprises incPittsburgh steel corpCopper retail

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