11th Circ. Won't Review Global Energies Bankruptcy Reversal

Law360, Miami (October 1, 2014, 7:52 PM EDT) -- An Eleventh Circuit panel has denied a shareholder's request to reconsider a ruling reversing the bankruptcy petition of Boca Raton, Florida-based Global Energies LLC and ordered sanctions hearings for abuse of the bankruptcy process and withholding evidence.

The Eleventh Circuit denied shareholder Chrispus Venture Capital LLC's request for a panel rehearing of its Aug. 15 decision determining that Chrispus and another shareholder in the company conspired to put the company into bankruptcy with the help of an attorney and suggesting sanctions for the players involved.

The three-judge panel ruled in favor of Joseph Wortley, who shared ownership in Global Energies with...

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