United States First Circuit

Where a director of the debtor caused his wholly-owned company to pay down a debt owed to him, while ignoring a bigger debt owed to the debtor, the bankruptcy court properly found the director breached his duty of loyalty to the debtor, and properly disallowed director's claims against debtor on prepetition indebtedness.

Appellate Information

• Decided 03/27/2002
• Published 03/27/2002

Judges

• LIPEZ, Circuit Judge., Before SELYA, Circuit Judge, COFFIN, Senior Circuit Judge, and LIPEZ, Circuit Judge.

Court

• United States First Circuit

Counsel

• For Appellant:
  
• Whitton E. Norris, III, with whom Carol R. Cohen and Davis, Malm & D'Agostine, P.C. were on brief, for appellant.


• For Appellees:
  
• Patrick P. Dinardo, with whom Pamela Smith Holleman, Sullivan & Worcester LLP, and Mark G. Howard were on brief, for appellee.