Fourth Circuit: Federal Courts Have Subject-Matter Jurisdiction Over Solvent Debtor Cases
Court: U.S. Court of Appeals for the Fourth Circuit On appeal, the Fourth Circuit affirmed a bankruptcy court’s denial of a motion to dismiss for lack of subject matter jurisdiction. Founded in 1927, Georgia-Pacific LLC is a multibillion-dollar corporation that operates primarily in the pulp and paper industry. In 1965, Georgia-Pacific bought and then merged … Continued