Douglas I Koff

Jan 13, 2025 | mondaq.com | Douglas Mintz |David Arnstein |Douglas I Koff |William H. Gussman

On Dec. 31, 2024, the US Court of Appeals for the Fifth Circuitissued a long-awaited decision reversing the ruling of former JudgeDavid Jones of the Bankruptcy Court for the Southern District ofTexas, blessing the Serta Simmons Bedding 2020 uptier transaction. The ruling deemed the uptier transaction impermissible andpotentially puts pressure on other uptiering transactions. Inre Serta Simmons Bedding, LLC, No. 23-20181 (5th Cir. Dec. 31,2024).