Alanis v. Nelson (In Re Dynasty Development Group, LLC)

Alanis v. Nelson (In Re Dynasty Development Group, LLC) (9th Cir. B.A.P. March 6, 2014 | Unpublished Opinion)
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.
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.
Pregerson, Paez and Hurwitz

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