By Shane Ramsey ( May 17, 2023, 4:28 PM EDT) -- On April 17, the U.S. Court of Appeals for the Fifth Circuit, in the Matter of: RE Palm Springs II LLC,[1] held that a senior lender who uses economic leverage and asserts its legal rights to squeeze out a junior lender remains a good faith purchaser entitled to declare an appeal moot based on a sale under Section 363(m) of the U.S. Bankruptcy Code....
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