Court Opinion

ID: 9484370
Source: CourtListenerOpinion
Date Created: 2023-08-05 09:50:53.655194+00
Date Added: 2024-06-11T17:50:11.962650
License: Public Domain

ON PETITION FOR REHEARING AND SUGGESTION FOR REHEARING EN BANC.
Before POLITZ, Chief Judge, REYNALDO G. GARZA and JONES, Circuit Judges.
PER CURIAM:
A majority of the panel having voted to grant rehearing in part, the opinion of the court in disposing of this appeal is as follows:
Part IV of the panel opinion, found at 995 F.2d 1274, 1281-84 (5th Cir.1991), is hereby withdrawn and deleted from the opinion. In connection with that determination, the last paragraph of Part III also is deleted. Further, in the first sentence of the second paragraph of the opinion, the word “three” is changed to “two,” and the last sentence of that paragraph is deleted. Part V of the opinion is renumbered to IV. In withdrawing this portion of the panel opinion we emphasize that the bankruptcy court’s opinion on the “new value exception” to the absolute priority rule has been vacated and we express no view whatever on that part of the bankruptcy court’s decision.
Other than these revisions, the original opinion is reinstated and the petition for panel rehearing is DENIED. Further, no member of the panel or judge in active service having requested that the court be polled on rehearing en banc, see Fed. R.App.P. and Local Rule 35, the suggestion for rehearing en banc is DENIED.