IN RE AMERICAN HOME MORTG. HOLDINGS, INC.

No. 09-4295.

637 F.3d 246 (2011)

In re AMERICAN HOME MORTGAGE HOLDINGS, INC., et al; Debtors *Crédit Agricole Corporate and Investment Bank New York Branch, f/k/a Calyon New York Branch, Appellant v. American Home Mortgage Holdings, Inc., et al. *(Pursuant to Clerk's Order dated 3/18/2010).

United States Court of Appeals, Third Circuit.

Filed February 16, 2011.


Attorney(s) appearing for the Case

Benjamin Ackerly (Argued), Jason W. Harbour , Hunton & Williams, Richmond, VA, Michael Busenkell , Womble, Carlyle, Sandridge & Rice, Wilmington, DE, Attorneys for Appellant.

Michele S. Budicak , Curtis J. Crowther , John T. Dorsey (Argued), Young, Conaway, Stargatt & Taylor, Wilmington, DE, Attorneys for Appellees.

Before: McKEE, Chief Judge, SLOVITER, and RENDELL, Circuit Judges.


OPINION OF THE COURT

SLOVITER, Circuit Judge.

If we can avoid preoccupation with the dazzling number of monetary digits involved in this case (the contractual repo price of almost $1.2 billion, the Purchaser's claim totaling in excess of $478 million, and the parties' damages calculations that are nearly $500 million apart), the issue before us is limited to a determination of the meaning of the statutory phrase requiring damages to be measured based on...

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