In This Issue:
In
In re Orexigen Therapeutics, Inc., 990 F.3d 748
(3d Cir. 2021), the U.S. Court of Appeals for the Third Circuit
ruled as a matter of first impression that triangular
setoff does not satisfy the Bankruptcy Code s mutuality requirement.
Should Equitable Mootness Bar Appeals Only of Chapter 11
Plan Confirmation Orders?
As demonstrated by a ruling recently handed down by the U.S.
District Court for the Northern District of Texas, courts disagree
on whether equitable mootness should apply only to appeals of plan
confirmation orders. In
Harden Healthcare LLC v. OLP
Wyoming Springs LLC (In re Senior Care Centers, LLC), 2021 WL
The court-fashioned doctrine of "equitable mootness" has traditionally been invoked to bar appeals of orders confirming "substantially consummated" chapter 11 plans. Some appellate.