IN RE TOUSA, INC.

No. 11-11071.

680 F.3d 1298 (2012)

In Re TOUSA, INC., et al., Debtors. Senior Transeastern Lenders, Defendant-Appellee, Citicorp North America, Inc., Certain First Lien Term Lenders, Intervenors-Appellees, v. Official Committee of Unsecured Creditors, Plaintiff-Appellant.

United States Court of Appeals, Eleventh Circuit.

May 15, 2012.


Attorney(s) appearing for the Case

Ceci Berman , Darren D. Farfante , Fowler White Boggs, PA, Tampa, FL, Andrew M. Leblanc , Milbank, Tweed, Hadley & McCloy, LLP, Washington, DC, Nancy A. Copperthwaite , Akerman Senterfitt, LLP, Miami, FL, Michael I. Goldberg , Akerman Senterfitt, LLP, Fort Lauderdale, FL, Stephen M. Mertz , Faegre Baker Daniels, LLP, Minneapolis, MN, Atara Miller , Gabrielle Lynn Ruha , Milbank, Tweed, Hadley & McCloy, LLP, New York City, for Defendant-Appellee.

Thomas J. Hall , Thomas J. McCormack , Seven Rivera , Chadbourne & Parke, LLP, Philip Korologos , Eric Brenner , Boies, Schiller & Flexner, LLP, New York City, Richard C. Prosser , Stichter, Riedel, Blain & Prosser, PA, Tampa, FL, Evan Daniel Flaschen , Daynor M. Carman , Gregory W. Nye , Bracewell & Giuliani, LLP, Hartford, CT, Scott L. Baena , Jeffrey Ira Snyder , Bilzin, Sumberg, Baena, Price & Axelrod, LLP, Jennifer G. Altman , Stephen N. Zack , Boies, Schiller & Flexner, LLP, Miami, FL, Justin Brett Busby , Bracewell & Giuliani, LLP, Houston, TX, for Intervenors-Appellees.

Lawrence Saul Robbins , Mark A. Hiller , Donald J. Russell , Michael L. Waldman , Robbins, Russell, Englert, Orseck, Untereiner & Sauber, LLP, Washington, DC, David C. Pollack , Patricia Ann Redmond , Sterns, Weaver, Miller, Weissler, Alhadeff & Sitterson, PA, Miami, FL, for Plaintiff-Appellant.

Christopher J. Wright , Harris, Wiltshire & Grannis, LLP, Washington, DC, for National Ass'n of Bankruptcy Trustees, Amicus Curiae.

James B. Heaton , Ashley Conrad Keller , Bartlit, Beck, Herman, Palenchar & Scott, LLP, Chicago, IL, for Bankruptcy Scholars, Amicus Curiae.

Thomas M. Messana , Messana, PA, Fort Lauderdale, FL, Elliot Ganz , The Loan Syndications and Trading Ass'n, Mark A. McDermott , George A. Zimmerman , Skadden, Arps, Slate, Meagher & Flom, LLP, New York City, for The Loan Syndications and Trading Ass'n, Amicus Curiae.

Before TJOFLAT, PRYOR and FAY, Circuit Judges.


PRYOR, Circuit Judge:

This bankruptcy appeal involves a transfer of liens by subsidiaries of TOUSA, Inc., to secure the payment of a debt owed only by their parent, TOUSA. On July 31, 2007, TOUSA paid a settlement of $421 million to the Senior Transeastern Lenders with loan proceeds from the New Lenders secured primarily by the assets of several subsidiaries of TOUSA. Six months later, TOUSA and the Conveying Subsidiaries...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases