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

Law360, Los Angeles (July 30, 2013, 4:42 PM EDT) -- 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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.