PHILADELPHIA - A panel of the Third Circuit U.S. Court of Appeals on March 5 affirmed a bankruptcy court's decision that the creation of a litigation trust did not constitute an asset sale pursuant to the Bankruptcy Code (The Boeing Company v. In Re: Alabama Aircraft Industries Inc. $(In Re: Alabama Aircraft Industries Inc.$), No. 12-1290, Chapter 11, 3rd Cir.; 2013 U.S. App. LEXIS 4487)....(read more)![]()
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