October 01, 2014
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.
August 18, 2014
The Eleventh Circuit on Friday ruled that the bankruptcy petition of Boca Raton, Florida-based Global Energies LLC was filed by one of the company's shareholders in bad faith and said that the bankruptcy court erred in failing to consider new evidence and void the sale of the company's assets.