(United States Ninth Circuit) - In a bankruptcy action, the district court's dismissal of the appeal as moot under 11 U.
S.
C. section 363(m) is affirmed. The Court held that: 1) a bankruptcy court has discretion to apply the procedures of section 363(m) to a sale of claims pursuant to a settlement approved under Bankruptcy Rule 9019; and 2) the bankruptcy court below did not clearly err in concluding that the creditor was a noble faith purchaser of the debtor's claims.
Source: findlaw.com