Alanis v. Nelson (In Re Dynasty Development Group, LLC)
- Summarized by James Webster , Law Office of James Portman Webster, PLLC
- 9 years 2 weeks ago
- Citation:
- Alanis v. Nelson (In Re Dynasty Development Group, LLC) (9th Cir. B.A.P. March 6, 2014 | Unpublished Opinion)
- Tag(s):
-
- Ruling:
- The Ninth Circuit Bankruptcy Appellate Panel ("B.A.P.") affirmed the Central District of California District Court did not abuse its discretion when it granted the Plaintiff's Motion for Summary Judgment.
- Procedural context:
- Alanis et al filed a lawsuit against Dynasty Development Group, LLC ("Debtor/Defendant") regarding a buy/sell provision of a separate companies operating agreement. The Debtor/Defendant was out of bankruptcy for nine days and Plaintiff filed a Motion for Summary Judgment. Debtor/Defendant appealed the granting of the Motion for Summary Judgment.
- Facts:
- Prior to bankruptcy, Paul Alanis and Jess Ravich along with Debtor/Defendant were members of a company that operates a casino. There was a buy/sell provision as part of the operating agreement. Though the opinion is sparse on facts, it appears that a Party exercised its rights under the agreement. Plaintiff's filed a lawsuit regarding the transaction.
- Judge(s):
- Pregerson, Paez and Hurwitz
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