(United States Seventh Circuit) - Held that the City of Chicago, which sought to recoup thousands of dollars in parking and moving-violation fines incurred by seven bankruptcy debtors, was entitled to an order restoring their bankruptcy estates' assets to their personal ownership. Reversed the ruling below in these consolidated appeals.
(United States Ninth Circuit) - In the bankruptcy proceeding of a distributor of bulk petroleum products, held that a consignor's unperfected security interest in fuel and monetary proceeds was subordinate to the trustee's interest. Affirmed the judgment below.
(United States Seventh Circuit) - Rejected a mootness argument in a dispute between an insolvent borrower and the holder of a mortgage note. Overruled In re River West Plaza-Chicago LLC, 664 F.3d 668 (7th Cir. 2011), holding that 11 U.S.C. section 363(m) does not make any dispute moot or prevent a bankruptcy court from deciding […]