- FRBP
Liani v. Baker (In re Baker)
Aug
16
2007
Ruling
Auction company and successful purchaser lacked standing to seek approval of settlement to which debtor was not a party.
Procedural posture
Plaintiff buyer filed an adversary proceeding against defendants, a debtor in bankruptcy and an auction company ("LLC"), seeking a judgment declaring that a purchase and sale agreement was invalid. The buyer and the LLC filed an application under Fed. R. Bankr. P. 9019 for an order approving a settlement agreement. The debtor opposed the application and asked the court to abstain from hearing a cross-complaint the LLC filed.
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Court
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