United States Fifth Circuit

A bankruptcy court's order authorizing only a pre-confirmation financing arrangement involving all the debtors and from which each of the debtors benefits is not a "de facto substantive consolidation" requiring an inquiry into its necessity.

Appellate Information

• Decided 05/23/2001
• Published 05/23/2001

Judges

• JERRY E. SMITH, Circuit Judge:, Before REYNALDO G. GARZA, HIGGINBOTHAM and JERRY E. SMITH, Circuit Judges.

Court

• United States Fifth Circuit

Counsel

• For Appellant:
  
• E. Penn Nicholson,Wendy L. Hagenau, Powell, Goldstein, Frazer & Murphy, Atlanta, GA, Douglas Deane Dodd, John M. Landis (argued), Michael Quirk Walshe, Jr., Stone, Pigman, Walther, Wittmann & Hutchinson, New Orleans, LA, for Appellant., Theodore L. Freedman (argued), Kirkland & Ellis, New York City, Jan M. Hayden, Heller, Draper, Hayden, Patrick & Horn, New Orleans, LA, for The Babcock & Wilcox Co., Diamond Power Intern., Inc., Babcock & Wilcox Const. Co., Inc. and Americon, Inc., Marcia L. Goldstein, Weil, Gotshal & Manges, New York City, David S. Rubin, Kantrow, Spaht, Weaver & Blitzer, Baton Rouge, LA, for Citicorp North America.