11th Circuit reverses bankruptcy sale, criticizes lawyer

The Atlanta-based 11th U.S. Circuit Court of Appeals has reversed a 2010 bankruptcy in a case involving allegations of collusion by business partners and accusations that a bankruptcy lawyer failed to turn over emails about the plan. In a per curiam opinion, the 11th Circuit said late-disclosed emails supported claims of a partner in Global Energies, Joseph Wortley, that two other Global Energies partners hatched a plan to file an involuntary bankruptcy petition in an effort to wrest control of the business from him, the Daily Business Review reports. Global Energies’ assets were ultimately sold to one of the other partners and his company after they paid creditors and court costs, the story says. The opinion PDF cited June 2010 emails produced in March 2012 appearing to show that the two partners “colluded in filing for involuntary bankruptcy and that they had testified falsely…

via 11th Circuit reverses bankruptcy sale, criticizes lawyer.