|Docket No.||Op. Below||Argument||Opinion||Vote||Author||Term|
|11-166||7th Cir.||Apr 23, 2012||May 29, 2012||8-0||Scalia||OT 2011|
Holding: Debtors may not obtain confirmation of a Chapter 11 bankruptcy “cramdown” plan that proposes to sell substantially all of the debtors’ property at an auction, free and clear of the Bank’s lien, using the sale proceeds to repay the Bank, but that does not permit the Bank to credit-bid at the sale.
Plain English Summary: This case considers the procedures that apply when a bankrupt company wants to sell a major asset –in this case, a hotel. The lender that has a mortgage on the asset argues that it has a right to take the asset if it goes unpaid. The borrower argues that the asset should be sold and that the lender gets the asset only if it is willing to pay the most for it. The lender says this is ridiculous, because it requires the lender to put in new cash to buy an asset for which it already has an unpaid loan. The Court agreed with the lender.
Judgment: Affirmed, 8-0, in an opinion by Justice Scalia on May 29, 2012. (Kennedy, J., recused)
Merits Briefs for the Petitioners
Merits Briefs for the Respondent
Amicus Briefs in Support of the Respondent
The Supreme Court sides with Sen. Ted Cruz in his First Amendment challenge to a federal campaign-finance law that limits how and when candidates can recoup loans that they make to their own campaigns. The vote is 6-3 along ideological lines.
In an immigration case, SCOTUS rules 5-4 that federal courts do NOT have jurisdiction to review certain executive-branch factual findings that determine whether non-citizens are eligible for "adjustment of status." Those findings can dictate whether a person is deported.
SCOTUS agrees to take up two new cases: Jones v. Hendrix (a habeas corpus case) and SEC v. Cochran (a case about the power of district courts to hear challenges to the constitutionality of the SEC's administrative law proceedings). Full order list here: https://www.supremecourt.gov/orders/courtorders/051622zor_hgcj.pdf
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Today at SCOTUS: The court will issue one or more opinions in argued cases at 10 a.m. EDT. But first, orders on pending petitions at 9:30. We'll fire up our live blog at 9:25 to break it all down and answer your questions. Grab some ☕️ and come join us:
Announcement of orders and opinions for Monday, May 16 - SCOTUSblog
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