Insurers Appeal Denial Of Bids To Dismiss Eagle’s Case, Appoint Trustee

(October 20, 2016, 11:04 AM EDT) -- NEW ORLEANS — Two insurance companies filed issues on appeal Oct. 12 and 10, asking a Louisiana federal court to decide if a bankruptcy judge erred in refusing to dismiss the Chapter 11 petition of Eagle Inc. or to appoint a trustee for the case, saying the insurers made an “unrebutted showing” that company insiders committed “fraud and dishonesty” and filed the petition in bad faith (In re:  Eagle, Inc., No. 15-12437, E.D. La. Bkcy.).

(Pacific Employers Insurance Co.’s issues on appeal available.  Document #48-161028-012X.  United...
To view the full article, register now.