Mining Co. Can't Get High Court Hearing On Ch. 7 Appeal

Law360, New York (October 3, 2011, 3:20 PM EDT) -- The U.S. Supreme Court on Monday declined to weigh in on whether former managers of a company can appeal an involuntary bankruptcy filing after a liquidation trustee has been appointed to oversee the failed business.

The high court denied a petition for certiorari filed in May by the ex-managers of Utah-based C.W. Mining Co., which in 2008 was forced into bankruptcy by three creditors. They were appealing a Tenth Circuit panel's ruling that only a bankruptcy trustee could appeal on behalf of a company once the...
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