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The contemnor shoulders the burden of showing ‘uncertainty’ under the Taggart standard for contempt, Judge Barnes says.
Foreclosing on cash doesn’t moot an appeal from the order modifying the automatic stay as to cash.
The parties judged the chapter 11 case a success, even though unsecured creditors got zilch.
Delaware district judge holds that the final bid at auction, not the lender’s last credit bid, fixes the value of the lender’s collateral.