3rd Circ. Nixes Boeing's Appeal Of Alabama Aircraft Sale

Law360, Wilmington (March 5, 2013, 7:02 PM EST) -- The Third Circuit on Tuesday shot down Boeing Co.’s appeal of a bankruptcy sale that divided the potential winnings from a contract suit against the aerospace giant between debtor Alabama Aircraft Industries Inc. and the company that purchased its assets.

In a short, nonprecedential opinion, the appeals court found that Boeing’s effort to unwind the parts of the deal concerning the litigation “would inevitably undermine the validity of the sale.”

The appeal stems from a Delaware bankruptcy judge’s 2011 approval of a Kaiser Group Holdings Inc....
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