DC Circ. Won't Reopen Bankrupt Condo Developer's Appeal

Law360, New York (February 28, 2014, 5:44 PM EST) -- The D.C. Circuit on Wednesday refused to reopen a bankrupt condominium developer's bid to get out of a settlement with a creditor it accused of breaches of fiduciary duty under a $1.6 million loan, finding the developer hadn't established proper standing.

The D.C. Circuit said Hope 7 Monroe Street Limited Partnership hadn't established standing by showing that a successful appeal could result in a surplus in the disputed estate.

"Unfortunately, Hope 7 spent the bulk of its supplemental brief rehashing the merits and did not address...
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