United States Second Circuit

Order of bankruptcy court approving settlement of a preference action against the creditor is affirmed as investors have no standing to contest the settlement, and that the joint official liquidators are precluded from appealing the settlement.

Appellate Information

• Decided 10/05/2007
• Published 10/05/2007

Judges

• WESLEY, Circuit Judge:, Before:  JACOBS, Chief Judge, WESLEY, GIBSON, Circuit Judges.

Court

• United States Second Circuit

Counsel

• For Appellant:
  
• Karen Ostad, Morrison & Foerster LLP, New York, NY, for Appellant Joint Official Liquidators (Gary S. Lee, David Capucilli, on the brief)., Mark H. Epstein, Munger Tolles & Olsen LLP, Los Angeles, CA, for Appellant Investors (Marc T.G. Dworsky, Todd J. Rosen, Munger Tolles & Olsen LLP, Los Angeles, CA;  Joseph Zagraniczny, Jonathan B. Fellows, Stephen A. Donato, Bond Schoeneck & King, PLLC, Syracuse, NY;  Stephen J. Shimshak, Christopher A. Jarvinen, Paul, Weiss, Rifkind, Wharton, & Garrison LLP, New York, NY;  Joseph Serino Jr., Matthew Solum, Kirkland & Ellis LLP, New York, NY, on the brief).


• For Appellees:
  
• Andrew M. Leblanc, Milbank, Tweed, Hadley & McCloy LLP, New York, NY, for Appellees (Luc A. Despins, Dennis C. O'Donnell, Jessica L. Fink, Milbank, Tweed, Hadley & McCloy LLP, New York, NY;  Tina L. Brozman, Timothy B. DeSieno, Bingham McCutchen LLP, New York, NY, on the brief).