Business Restructuring Review | May–June 2021 - Insolvency/Bankruptcy/Re-structuring
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 Codes "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 mootnes...
Source: mondaq.com