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Section 1144 Action Moot after Findings of Substantial Consummation (Pepper Hamilton LLP)

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(Source: Pepper Hamilton LLP) Reprinted with permission from the October 16, 2015 edition of The Legal Intelligencer. © 2015 ALM Media Properties, LLC. All rights reserved. Further duplication without permission is prohibited. (ALMReprints.com, 877.257.3382). Just in time for baseball's playoffs, the U.S. Bankruptcy Court for the Southern District of New York delivered the third strike to a persistent but unsuccessful plaintiff seeking revocation of its confirmation order. In Perez v. TerreStar (In re TerreStar), 2015 Bankr. LEXIS 3298 (Bankr. S.D.N.Y. Sept. 29, 2015), the court found, consistent with two prior district court decisions, that the debtors' plan was substantially consummated,...

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