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››Ch. 11 Motion for contempt to be awarded

Ch. 11 Motion for contempt to be awarded

By Mark Herras
June 9, 2021
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Law360 (June 8, 2021, 10:53 p.m. EDT) – A Texas bankruptcy judge said on Tuesday she would uphold a petition from bankrupt investment firm Highland Capital Management asking for sanctions against parties who sued legal action against the debtor’s CEO despite a court order except, but said she needed time to determine the amount of penalties.

At a hearing in Dallas, U.S. bankruptcy judge Stacey GC Jernigan said she believed her July 2020 order approving the retention of James P. Seery Jr. as CEO of Highland Capital was clear that any party seeking to bring or pursue claims against Seery must first be granted permission. of the bankruptcy court ….

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