Fifth Circuit Holds that Equitable Mootness Doesn’t Protect Parties to the Appeal

January 14, 2025

Fifth Circuit Holds that Equitable Mootness Doesn’t Protect Parties to the Appeal

Fifth Circuit didn’t permit plan proponents to structure a chapter 11 plan so that an appeal would be equitably moot.

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Opinion Link

View Opinion

https://abi-opinions.s3.us-east-1.amazonaws.com/Serta+Simmons.pdf

Case Details

Case Citation

Excluded Lenders v. Serta Simmons Bedding LLC (In re Serta Simmons Bedding LLC), 23-20181 (5th Cir. Dec. 31, 2024)

Case Name

Excluded Lenders v. Serta Simmons Bedding LLC (In re Serta Simmons Bedding LLC)

Case Type

Business

Court

5th Circuit

Bankruptcy Tags

Claims

Financial Advisors

Plan Confirmation

Venue/Jurisdiction

Business Reorganization

Finance and Banking

Investment Banking

Lender Liability

Comments

Submitted by Thomas Salerno on January 14, 2025

Bill--fascinating discussion on both topics you addressed in your usual insightful manner!

Submitted by David Kuney on January 14, 2025

Bill: I was very pleased to see this decision and hope that the Fifth Circuit will not look kindly on the other end-run now evidenced in J&J. This case has gotten attention in the letter writing contest now on going in the Boy Scouts' case. Little wonder!