In re JEVIC HOLDING CORP., et al., Debtors.
Official Committee of Unsecured Creditors on behalf of the bankruptcy estates of Jevic Holding Corp., et al.,
v.
CIT Group/Business Credit Inc., in its capacity as Agent; Sun Capital Partners, Inc.; Sun Capital Partners IV, LP; Sun Capital Partners Management IV, LLC
Casimir Czyzewski; Melvin L. Myers; Jeffrey Oehlers; Arthur E. Perigard and Daniel C. Richards, on behalf of themselves and all others similarly situated, Appellants.
United States Court of Appeals, Third Circuit.https://leagle.com/images/logo.png
Before: HARDIMAN, SCIRICA and BARRY, Circuit Judges.
OPINION OF THE COURT
HARDIMAN, Circuit Judge.
This appeal raises a novel question of bankruptcy law: may a case arising under Chapter 11 ever be resolved in a "structured dismissal" that deviates from the Bankruptcy Code's priority system? We hold that, in a rare case, it may.
I
A
Jevic Transportation, Inc....
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