Bankruptcy Court Decision Not 'Advisory,' 3rd Circ. Rules

Law360, Los Angeles (July 30, 2013, 4:42 PM ET) -- In a precedential decision, the Third Circuit ruled Tuesday that a Delaware bankruptcy court had jurisdiction to reopen a case over a settlement it had approved between debtor Lazy Days' RV Center Inc. and a landlord, saying the bankruptcy court's decision didn't constitute an advisory opinion.

A three-judge panel for the Third Circuit said a Delaware federal court was wrong to vacate the bankruptcy court's ruling in a dispute between Lazy Days' and landlord I-4 Land Holding Limited Co. The panel overturned the federal court's determination that the bankruptcy court lacked jurisdiction to reopen the case...
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