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Just when you think all you had were government regulatory rules and regulations that may impact your bottom line, along comes the sleeper regulator of a generation of consumers with an aversion to credit and its risks.
In re Fieldwood Energy LLC ), the United States Court of Appeals for the Fifth Circuit held that the district court did not err in finding that the challenged bankruptcy courts confirmation order stripping some companies (collectively, the Sureties) of their subrogation rights were integral to the sale of the Debtors assetsand therefore moot. [2]
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