Delaware Supreme Court dismisses an appeal and vacates a Court of Chancery judgment based on a bankruptcy court’s confirmation of a plan of reorganization relating to the appellee-corporation

In SolarReserve CSP Holdings, LLC v. Tonopah Solar Energy, LLC, C.A. No. 78, 2021 (Del. Aug. 9, 2021), the Delaware Supreme Court recently dismissed a books-and-records appeal as moot and vacated a judgment issued by the Court of Chancery after appellee Tonopah Solar Energy, LLC (Tonopah) emerged from a Chapter 11 bankruptcy proceeding as a new limited liability company operating under a new limited liability company agreement.

Filed under:
USA, Delaware, Insolvency & Restructuring, Litigation, Reed Smith LLP
Authors:
Brian M. Rostocki , Benjamin P. Chapple , Justin M. Forcier
Location:
USA
Firm:
Reed Smith LLP