Barry Klayman and Mark Felger discuss a recent decision of the U.S. Bankruptcy Court for the District of Delaware refusing to grant a motion to stay the bankruptcy proceedings pending an appeal to the district court on the grounds that the appeal had divested the bankruptcy court of jurisdiction over those aspects of the case involved in the appeal. However, the court said the appeal did not divest the court of jurisdiction over those issues and proceedings different from and collateral to those involved in the appeal.
To read the article, click here.