IN RE: GREEKTOWN HOLDINGS (2019)

United States Court of Appeals, Sixth Circuit.

IN RE: GREEKTOWN HOLDINGS, LLC, Debtor. Buchwald Capital Advisors, LLC, solely in its capacity as Litigation Trustee to the Greektown Litigation Trust, Plaintiff-Appellant, v. Dimitrios Papas, et al., Defendants-Appellee.

No. 18-1167

Decided: April 22, 2019

BEFORE: COLE, Chief Judge; STRANCH and READLER, Circuit Judges. Michael K. Kellogg, Gregory G. Rapawy, Julius P. Taranto, Kellogg, Hansen, Todd, Figel & Frederick, Washington, DC, Joel David Applebaum, Clark Hill, Birmingham, MI, for Plaintiff-Appellant James E. Morgan, Howard & Howard, Chicago, IL, Mark A. Bogdanowicz, Attorney, Howard & Howard, Royal Oak, MI, Patrick Michael McCarthy, Howard & Howard Attorneys, Ann Arbor, MI, for Defendants-Appellees Dimitrios Papas, Viola Papas, Ted Gatzaros, Maria Gatzaros Grant S. Cowan, Frost Brown Todd, Cincinnati, OH, for Defendant-Appellee Kewadin Casinos Gaming Authority

ORDER

On February 27, 2018, two weeks after this appeal was filed, the United States Supreme Court decided Merit Management Group, LP v. FTI Consulting, Inc., ––– U.S. ––––, 138 S.Ct. 883, 200 L.Ed.2d 183 (2018), and in the process resolved a circuit split over the correct interpretation of Section 546(e) of the Bankruptcy Code—the safe harbor provision at issue in this case. Merit Management squarely addresses the dispositive issue in this case and abrogated the Sixth Circuit precedent on which both the bankruptcy court and district court relied, see In re QSI Holdings, Inc., 571 F.3d 545 (6th Cir. 2009). Accordingly, we hereby vacate the district court’s judgment and remand the case to the bankruptcy court for reconsideration in accordance with the Supreme Court’s recent decision in Merit Management. See In re Markowitz, 190 F.3d 455, 458 (6th Cir. 1999).