In re MARVEL ENTERTAINMENT GROUP, INC.; Asher Candy Company; Fleer Corporation; Frank H. Fleer Corporation; Heroes World Distribution, Inc.; Malibu Comics Entertainment Inc.; Marvel Characters, Inc.; Marvel Direct Marketing Inc.; Skybox International, Inc.; Special Counsel to Debtors; Board of Directors of Marvel; High River Limited Partnership and Westgate International, L.P.;
In re John J. GIBBONS, Esq., Trustee for the Estate in Bankruptcy of the Debtors; Marvel Entertainment Group, Inc.; Asher Candy Company; Fleer Corporation; Frank H. Fleer Corporation; Malibu Comics Entertainment, Inc.; Marvel Characters, Inc.; Marvel Direct Marketing Inc.; Skybox International, Inc.; High River Limited Partnership and Westgate International, L.P., Appellants in No. 98-7001;
John J. Gibbons, Esq., Trustee for the Estate in Bankruptcy of the Debtors, Petitioner in No. 98-7040, Appellant in No. 98-7041;
United States Court of Appeals, Third Circuit.https://leagle.com/images/logo.png
Argued March 10, 1998.
Decided March 25, 1998.
Attorney(s) appearing for the Case
Edward S. Weisfelner (argued), John P. Biedermann, Berlack, Israels & Liberman, New York City, Stephen W. Spence, Steven K. Kortanek, Phillips, Goldman & Spence, Wilmington, DE, for Appellants/ Respondents/Appellees High River Limited Partnership, Westgate International, L.P.
Francis J. Menton, Jr., Willkie, Farr & Gallagher, New York City, for Appellee Creditors Committee.
John S. Koppel (argued), William Kanter, United States Department of Justice, Civil Division, Appellate Staff, Washington, DC, Anthony J. Ciccone, Jr., Washington, DC, for Appellee U.S. Trustee.
Douglas S. Liebhafsky (argued), Wachtell, Lipton, Rosen & Katz, New York City, for Appellees Goldman Sachs Credit Partners, Morgan Stanley Emerging Markets, Lazard Freres & Co., Long Term Credit Bank of Japan, Whipporwill Assoc., Van Kampen America, Canadian Imperial Bank of Commerce, Merrill, Lynch, Pierce, Fenner & Smith, Inc., Bankers Trust Co., Dickstein & Co., L.P., Dickstein Int'l Ltd., Lehman Commercial Paper, Inc., Sumitomo Bank, Ltd., Amroc Inv. Inc., M.D. Sass, Bank of Montreal, Chancellor Capital, Ceres Finance Ltd., Captiva, Value Partners, Banko Central Hispanamerico, IBJ Schroder Bank, Instituto Bancario San Paulo, Morgan Guaranty Trust Co. of New York, Scoggin Capital, Foothill Capital Corporation, CPR (USA).
Caroselli, Spagnolli & Beachler, Pittsburgh, PA, for Appellee Merrill, Lynch, Pierce, Fenner & Smith, Inc.
David B. Stratton, Pepper, Hamilton & Scheetz, Wilmington, DE, for Appellee Toy Biz Inc.
Gary Schildhorn, Steven D. Usdin, Leon R. Barson, Adelman, Lavine, Gold & Levin, Philadelphia, PA, for Appellee/ Respondent Official Committee of Equity Security Holders.
John J. Gibbons (argued), Gibbons, Del Deo, Dolan, Griffinger & Vecchione, Newark, NJ, Pro Se Petitioner/Appellant.
Joanne B. Wills (argued), Mindy Friedman KLEHR, Harrison, Harvey, Branzburg & Ellers, Wilmington, DE, James E. Spiotto, Ann E. Acker, Mark D. Rasmussen, Timothy T. Finley, Chapman & Cutler, Chicago, IL, for Respondent/ Appellee LaSalle National Bank.
Roderick R. McKelvie, Honorable, United States District Court, District of Delaware, Wilmington, DE, Nominal Respondent.
Before: GREENBERG, SCIRICA and ALDISERT, Circuit Judges.
United States Court of Appeals, Third Circuit.
OPINION OF THE COURT
ALDISERT, Circuit Judge.
These expedited and consolidated appeals require us to decide if the district court properly exercised its discretion by appointing a trustee in the bankruptcy of Marvel Entertainment Group, Inc., because of the extreme acrimony between the debtor-in-possession and the creditors. If we affirm the appointment, we must then decide if the court acted within its proper discretionary power by denying the motion of...
Let's get started
Welcome to the leading source of independent legal reporting Sign on now to see your case. Or view more than 10 million decisions and orders.
Updated daily.
Uncompromising quality.
Complete, Accurate, Current.
Listed below are the cases that are cited in this Featured Case. Click the citation to see the full
text of the cited case. Citations are also linked in the body of the Featured Case.
Cited Cases
No Cases Found
Listed below are those cases in which this Featured Case is cited. Click on the case name to see the
full text of the citing case.
