Panel Affirms Dismissal Of Investor Claims Against Bankrupt Company

Mealey's (August 21, 2018, 12:48 PM EDT) -- PHILADELPHIA — Investors who purchased shares of a bankrupt company that manufactures and distributes packaged ice throughout Canada and the United States that was subject of a Chapter 15 reorganization plan were put on notice of the terms of the plan and subject to the plan’s terms, “including the terms that governed post-confirmation acts taken to carry out the Plan,” a Third Circuit U.S. Court of Appeals panel ruled Aug. 20 in affirming a federal district court’s dismissal of the investors’ claims (In re Arctic Glacier International Inc., et al., No. 17-2522, 3rd Cir., 2018 U.S. App. LEXIS 23082)....