RIVER ROAD HOTEL PARTNERS, LLC v. AMALGAMATED BANK

Nos. 10-3597, 10-3598.

651 F.3d 642 (2011)

In the Matter of RIVER ROAD HOTEL PARTNERS, LLC, River Road Expansion Partners, LLC, RadLAX Gateway Hotel, LLC and RadLAX Gateway Deck, LLC, Debtors-Appellants, v. AMALGAMATED BANK, Appellee.

United States Court of Appeals, Seventh Circuit.

Decided June 28, 2011.


Attorney(s) appearing for the Case

David M. Neff (argued), Attorney, Perkins Coie, Chicago, IL, for Debtors-Appellants.

John W. Costello, Attorney, Wildman, Harrold, Allen & Dixon LLP, Chicago, IL, Adam A. Lewis (argued), Attorney, Morrison & Foerster LLP, San Francisco, CA, for Appellee.

United States Trustee, Attorney, Office of the United States Trustee, Chicago, IL, for Trustee in Docket No. 10-3597.

Craig Goldblatt, Attorney, Wilmer Hale LLP, Washington, DC, for Amicus Curiae.

Before CUDAHY, MANION, and HAMILTON, Circuit Judges.


CUDAHY, Circuit Judge.

Debtors-Appellants appeal from a bankruptcy court order denying the bid procedures motions that they filed in connection with the their Chapter 11 reorganization plans. They argue that the bankruptcy court erred in finding that their plan could not be confirmed over the objections of its secured creditors because it did not qualify for "fair and equitable" status under 11 U.S.C. § 1129(b)(2)(A). We affirm.1...

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