Filed: Nov. 23, 2004
Latest Update: Mar. 02, 2020
Summary: Opinions of the United 2004 Decisions States Court of Appeals for the Third Circuit 11-23-2004 In Re: Integrated Precedential or Non-Precedential: Non-Precedential Docket No. 04-2411 Follow this and additional works at: http://digitalcommons.law.villanova.edu/thirdcircuit_2004 Recommended Citation "In Re: Integrated " (2004). 2004 Decisions. Paper 122. http://digitalcommons.law.villanova.edu/thirdcircuit_2004/122 This decision is brought to you for free and open access by the Opinions of the Uni
Summary: Opinions of the United 2004 Decisions States Court of Appeals for the Third Circuit 11-23-2004 In Re: Integrated Precedential or Non-Precedential: Non-Precedential Docket No. 04-2411 Follow this and additional works at: http://digitalcommons.law.villanova.edu/thirdcircuit_2004 Recommended Citation "In Re: Integrated " (2004). 2004 Decisions. Paper 122. http://digitalcommons.law.villanova.edu/thirdcircuit_2004/122 This decision is brought to you for free and open access by the Opinions of the Unit..
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Opinions of the United 2004 Decisions States Court of Appeals for the Third Circuit 11-23-2004 In Re: Integrated Precedential or Non-Precedential: Non-Precedential Docket No. 04-2411 Follow this and additional works at: http://digitalcommons.law.villanova.edu/thirdcircuit_2004 Recommended Citation "In Re: Integrated " (2004). 2004 Decisions. Paper 122. http://digitalcommons.law.villanova.edu/thirdcircuit_2004/122 This decision is brought to you for free and open access by the Opinions of the United States Court of Appeals for the Third Circuit at Villanova University School of Law Digital Repository. It has been accepted for inclusion in 2004 Decisions by an authorized administrator of Villanova University School of Law Digital Repository. For more information, please contact Benjamin.Carlson@law.villanova.edu. IN THE UNITED STATES COURT OF APPEALS FOR THE THIRD CIRCUIT Case No: 04-2411 IN RE: INTEGRATED TELECOM EXPRESS, INC. a/k/a INTEGRATED TECHNOLOGY EXPRESS, INC. a/k/a DELAWARE INTEGRATED TELECOM EXPRESS, INC., Debtor NM SBPCSLDHB, L.P., Appellant v. INTEGRATED TELECOM EXPRESS, INC.; and THE OFFICIAL COMMITTEE OF EQUITY HOLDERS, et al. __________________ SUR PETITION FOR REHEARING Present: SCIRICA, Chief Judge, SLOVITER, NYGAARD, ALITO, ROTH, McKEE, RENDELL, BARRY, AMBRO, FUENTES, SMITH, CHERTOFF, FISHER, VAN ANTWERPEN, BECKER and GREENBERG, Circuit Judges* The petitions for rehearing filed by appellees in the above-entitled case having * The votes of the Honorable Edward R. Becker and the Honorable M orton I. Greenberg, Senior United States Circuit Judges for the Third Circuit, are limited to panel rehearing. been submitted to the judges who participated in the decision of this Court and to all the other available circuit judges of the circuit in regular active service, and no judge who concurred in the decision having asked for rehearing, and a majority of the circuit judges of the circuit in regular service not having voted for rehearing, the petitions for rehearing by the panel and the Court en banc, are denied. Judge Rendell and Judge Ambro would grant the petitions for rehearing. BY THE COURT, /s/ D. Brooks Smith Circuit Judge Dated: November 23, 2004 CMD/cc: Craig Goldblatt, Esq. Christopher J. Meade, Esq. Seth P. Waxman, Esq. Robert K. Rasmussen, Esq. David W. Carickhoff Jr., Esq. Kevin Gross, Esq. Laura D. Jones, Esq. Tobias S. Keller, Esq. Ali M. Mojdehi, Esq. AMBRO, Circuit Judge, Dissenting to the Denial of Rehearing En Banc, joined by Judge Rendell: We voted for rehearing en banc not because we believe that the panel has necessarily reached the wrong result. The core effect, as we perceive it, of the panel’s holding – that equity holders of a debtor may not file a chapter 11 bankruptcy petition solely “to reap [for themselves] a substantial gain through bankruptcy... at the expense of the [debtor’s] sole creditor,” Op. n.4 – may pass muster with the unique facts this case presents. Our problem is this: counsel in other cases may argue the panel’s opinion to go further in requiring good faith than anyone on the panel intended. We thus voted for rehearing en banc to allow the full Court to dispel this argument, for we believe the panel’s opinion is limited to its snow in August facts.