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Delaware Trust Company v. Ad Hoc Group of Senior Secured Noteholders, et al.
Paid petition · United States Court of Appeals for the Fifth Circuit, No. 23-20557 · judgment May 30, 2025
Before the decision, roughly the 4.1% base rate. The model weighted this up for a Fifth Circuit decision below, a petition filed soon after the judgment below, and a business petitioner, and down for a business respondent.
Question presented
Whether Section 550(a) of the U.S. Bankruptcy Code gives a bankruptcy court discretion both to order the return of transferred property to the estate and to award the estate a monetary judgment to compensate for the decline in value of the returned property since its transfer.
Counsel of record
For petitioner
John Franklin Bash
Quinn Emanuel Urquhart & Sullivan, LLP
For respondent
Noel John Francisco
Jones Day
Case
Conference history
Distributed for 1 conference
Proceedings
- Nov 24 2025Petition DENIED. The Chief Justice and Justice Alito took no part in the consideration or decision of this petition.
- Nov 05 2025DISTRIBUTED for Conference of 11/21/2025.
- Nov 04 2025Reply of petitioner Delaware Trust Company filed. (Distributed)
- Oct 20 2025Brief of respondents Ad Hoc Group of Senior Secured Noteholders, et al. in opposition filed.
- Sep 02 2025Motion to extend the time to file a response is granted and the time is extended to and including October 20, 2025.
- Aug 29 2025Motion to extend the time to file a response from September 19, 2025 to October 20, 2025, submitted to The Clerk.
- Aug 18 2025Petition for a writ of certiorari filed. (Response due September 19, 2025)