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IN RE CONTINENTAL AIRLINES

No. 98-5509.

203 F.3d 203 (2000)

In re: CONTINENTAL AIRLINES and Continental Airlines Holdings, Inc., Debtors. M. Barnett Gillman; Alan Freberg; Frank Debora; Stuart E. Wechsler; Andrew D. Friedman; Wechsler Skirnick Harwood Halebian & Feffer; Zachary Alan Starr; Goodkind Labaton & Rudoff v. Continental Airlines; Continental Air Holdings, Inc. Thomas E. Ross, Trustee M. Barnett Gillman, Alan Freberg, Frank Debora, Frank Sachs and Lloyd Pressel Co., Inc., Appellants.

United States Court of Appeals, Third Circuit.

Decided February 1, 2000.

Attorney(s) appearing for the Case

Andrew D. Friedman, [ARGUED], Wechsler, Harwood, Halebian & Feffer, New York, NY, for Appellants

Robert S. Brady, [ARGUED], Laura D. Jones, Young, Conaway, Stargatt & Taylor, Wilmington, DE, for Appellee.

Before: GREENBERG, SCIRICA, and RENDELL, Circuit Judges.

OPINION OF THE COURT

RENDELL, Circuit Judge:

In this bankruptcy-related appeal, we consider the validity of a provision in Continental Airlines' plan of reorganization that released and permanently enjoined shareholder lawsuits against certain of Continental Airlines' present and former directors and officers who were not themselves in bankruptcy. The Bankruptcy Court made no specific findings regarding its jurisdiction, substantive legal authority, or factual...

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