In the Matter of Southmark Corporation, Debtor. Southmark Corporation v. Schulte Roth & Zabel

U.S. Court of Appeals, Fifth Circuit · Decided 1996-08-01

Cited by 167 later decision(s) in our corpus · see the citation network in Lexace

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WIENER, Circuit Judge: In a settlement agreement entered into prior to filing for bankruptcy, Southmark agreed to reimburse a group of dissatisfied, minority-interest shareholders for expenses incurred in connection with their proxy contest and related lawsuits. Southmark now appeals the bankruptcy court’s ruling that this transfer was not “for or on account of an antecedent deb…

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