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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. ....

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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 Rico , United States , Klairmont Korners , Holdings Inc , Energy Regulatory Commission , Gulfport Energy Corp , Us Court , Jc Penney Direct Marketing Services , Osee Mission , Ultra Petroleum Corp , Jc Penney Properties Inc , Richmond Leasing Co , Richmond Metal Finishers Inc , Lubrizol Enterprises Inc , Pittsburgh Steel Corp , Copper Retail , Trans World Airlines Inc , Bankruptcy Court , Direct Marketing Services , Fifth Circuit , Bankruptcy Code , Executory Contracts , Unexpired Leases , Professor Vern Countryman , Richmond Leasing , Metal Finishers ,