Opinion ID: 3062086
Heading Depth: 4
Heading Rank: 4

Heading: Closings

Text: The APA contemplated two closings. At an “Initial Closing,” ConsumerInfo would deliver the $1.9 million to the estate and would receive a co-interest in the Adversary Proceeding and a 25% interest in the monetary recoveries. APA § 8.2(a). At a “Subsequent Closing,” the estate was to transfer the Domain Name to ConsumerInfo for no further consideration. APA § 8.2(b). The Subsequent Closing was to occur within ten business days following a “final and nonappealable order” determining that the estate 13 owned the Domain Name. The APA allowed ConsumerInfo to waive this provision and accelerate the closing “so long as there is no stay pending appeal in effect at the time.” APA § 8.1.