Cases & Deals

Davis Petroleum obtains summary judgment against former shareholders' action seeking revocation in reorganization

Clients Davis Petroleum Co.

Jones Day defended the reorganized debtors Davis Petroleum Co. in an adversary proceeding brought by a former shareholder seeking revocation of the confirmed prepackaged reorganization plan under section 1144 of the Bankruptcy Code; obtained dismissal on summary judgment.

In re Davis Petroleum Co., 385 B.R. 892, 2008 WL 1744732 (Bankr. S.D. Tex.)