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In re Northwest Airlines Corporation

United States Bankruptcy Court for the Southern District of New York
363 B.R. 701 (2007)


Facts

Northwest Airlines Corporation (Northwest) (debtor) filed for reorganization under chapter 11 of the bankruptcy code. An ad hoc committee of equity security holders (equity committee) (creditor) filed a disclosure statement as required under the Federal Rule of Bankruptcy Procedure Rule 2019. Northwest alleged that the statement failed to meet the requirements of Rule 2019 because the statement did not identify the members of the committee and only listed the claims of the committee members in aggregate, rather than individually. Northwest filed a motion to require the committee to revise its disclosure statement.

Rule of Law

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Issue

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Holding and Reasoning (Gropper, J.)

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  • A “yes” or “no” answer to the question framed in the issue section;
  • A summary of the majority or plurality opinion, using the CREAC method; and
  • The procedural disposition (e.g. reversed and remanded, affirmed, etc.).

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