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BANK OF NEW MELLON v. ENERGY FUTURE HOLDINGS CORP., 15-885-RGA. (2015)

Court: District Court, D. Delaware Number: infdco20151021792 Visitors: 8
Filed: Oct. 20, 2015
Latest Update: Oct. 20, 2015
Summary: RECOMMENDATION Bankruptcy Case No. 14-10979 (CSS) AP No. 15-51. MARY PAT THYNGE , Magistrate Judge . WHEREAS, pursuant to paragraph 2(a) of the Procedures to Govern Mediation of Appeals from the United States Bankruptcy Court for this District dated September 11, 2012, the court conducted an initial review, which included information from counsel, to determine the appropriateness of mediation in this matter; WHEREAS, as a result of the above screening process, the issues involved in this
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RECOMMENDATION

Bankruptcy Case No. 14-10979 (CSS) AP No. 15-51.

WHEREAS, pursuant to paragraph 2(a) of the Procedures to Govern Mediation of Appeals from the United States Bankruptcy Court for this District dated September 11, 2012, the court conducted an initial review, which included information from counsel, to determine the appropriateness of mediation in this matter;

WHEREAS, as a result of the above screening process, the issues involved in this case are not amenable to mediation and mediation at this stage would not be a productive exercise, a worthwhile use of judicial resources nor warrant the expense of the process.

The appeal is from the Order Authorizing the debtors to Enter into and Perform Under the Plan Support Agreement entered by the Bankruptcy court on September 18, 2015. The parties submit that mediation of this appeal would not be helpful under the present circumstances. the parties advised that they are presently involved in mediation in the Bankruptcy Court. This appeal concerns issues that may be raised in connection with confirmation of the Appellee's plan of reorganization and are within the scope of the Bankruptcy Court mediation. The appeal issues will be resolved only if there is a resolution of Appellants' Plan confirmation objection. As a result, there is not need for a separate mediation in this court.

As order, the parties proposed separate briefing schedules. Appellants' briefing proposal occurs during the November-December 2015 time frame and it further requests an early January date for oral argument. Through their proposed schedule, Appellants seek to avoid any argument that if the Bankruptcy Court confirms the Plan, the appeal becomes equitably moot, in light of the conflicting decisions in the Third Circuit Court of Appeals.1 Appellants' proposed briefing schedule is as follows:

November 17, 2015 Appellants' opening brief and corporate disclosure statement December 17, 2015 Appellee's answering brief and corporate disclosure statement December 24, 2015 Appellant's reply brief January 5, 2016 Requested date for oral argument

Appellee proposes a briefing schedule that occurs from December 2015 into mid-March 2016 to allow the parties an opportunity to resolve the issues on appeal through the Bankruptcy Court mediation and to enable the parties to prioritize their resources on the Plan confirmation process which is expected to extend into December 2015. Appellee, however, reserves all arguments that may be raised in connection with the appeal, including that the appeal is equitably moot. Appellee's proposed briefing schedule is:

December 18, 2015 Appellants' opening brief and corporate disclosure statement February 19, 2016 Appellee's answering brief and corporate disclosure statement March 18, 2016 Appellants' reply brief Oral Argument As soon as possible at the court's convenience after submission of Appellants' reply brief

THEREFORE, IT IS RECOMMENDED that, pursuant to paragraph 2(a) Procedures to Govern Mediation of Appeals from the United States Bankruptcy Court for this District and 28 U.S.C. § 636(b), this matter be withdrawn from the mandatory referral for mediation and proceed through the appellate process of this Court. The parties are advised herein of their right to file objections to this Recommendation pursuant to 28 U.S.C. § 636(b)(1)(B), FED. R. CIV. P. 72(a) and D. DEL. LR 72.1. Since the parties jointly requested that this matter be removed from mandatory mediation, objections to this Recommendation are not expected.

No recommendation is made regarding the parties' dueling briefing schedules.

Local counsel are obligated to inform out-of-state counsel of this Order.

FootNotes


1. See In reTribune Media Co., 799 F.3d 272, 284 (3d Cir. 2015) (which notes that "[a]t least one esteemed colleague of our Court agrees and has called for . . . reconsideration" of the doctrine of equitable mootness), citing In re: One2One Commc'ns, LLC, No. 13-3410, 2015 WL 4430302, at *7 (3d Cir. July 21, 2015).
Source:  Leagle

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