Fifth Circuit Holds that Section 363(m)'s "Good Faith Purchaser" Protection Applies to Secured Creditor that Used "Economic Leverage" in Connection with Credit Bid for Assets | Nelson Mullins Riley & Scarborough LLP
On April 17, 2023, the Fifth Circuit Court of Appeals, in Matter of RE Palm Springs II, L.L.C., 2023 WL 2966520 (5th Cir. April 17, 2023), held that a senior lender who uses economic...