RadLAX Gateway Hotel, LLC v. Amalgamated Bank, 2012 U.S. LEXIS 3944 (May 29, 2012)

RadLAX Gateway Hotel, LLC v. Amalgamated Bank, 2012 U.S. LEXIS 3944 (May 29, 2012)

LexisNexis Core Overview: Sales free of liens under 11 U.S.C.S. § 1129(b)(2)(A) [an annotated version of this statute is available to lexis.com subscribers] had to satisfy § 1129(b)(2)(A)(ii)'s requirements, not those of both § 1129(b)(2)(A)(ii) and (iii), thus, the debtors could not sell property free of liens under § 1129(b)(2)(A) without allowing a lienholder bank to credit-bid, as required by § 1129(b)(2)(A)(ii)

Counsel: David M. Neff argued the cause for petitioners.

Sarah E. Harrington argued the cause for the United States, as amicus curiae, by special leave of court.

Deanne E. Maynard argued the cause for respondent.

Judges: SCALIA, J., delivered the opinion of the Court, in which all other Members joined, except KENNEDY, J., who took no part in the decision of the case.

Lexis.com subscribers can view the enhanced version of RadLAX Gateway Hotel, LLC v. Amalgamated Bank

Read a news article about this case