Civil Rights
Block on Trump's Asylum Ban Upheld by Supreme Court
In Chapter 11 proceedings involving a bid for the debtors' largest asset, a power plant, bankruptcy court's denial of a bidder's request for disbursement of administrative expenses in the form of a break-up fee from the estate is affirmed as the court did not abuse its discretion when it concluded that an award of a break-up fee was not necessary to preserve the value of the estate.
Read In re: Reliant Energy Channelview LP, No. 09-2074
Appellate Information
On Appeal from the United States District Court for the District of Delaware
Opinion Filed January 15, 2010
Judges
Before: Scirica, Chief Judge, Greenberg and Jordan, Circuit Judges
Opinion by Circuit Judge Greenberg
Counsel:
For Appellant: Andrew K. Glenn, Kasowitz Benson Torres & Friedman
For Appellee: Robert J. Stearn, Jr., Richards Layton & Finger