Fiduciary Trust International of California v. Tower Park Properties, LLC

Ninth Circuit

Fiduciary Trust International of California v. Tower Park Properties, LLC

704 F. App'x 702

CourtCourt of Appeals for the Ninth Circuit

DecidedNovember 27, 2017

Docket16-56092

StatusUnpublished

Cited by2 cases

This text of 704 F. App'x 702 (Fiduciary Trust International of California v. Tower Park Properties, LLC) is published on Counsel Stack Legal Research, covering Court of Appeals for the Ninth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Fiduciary Trust International of California v. Tower Park Properties, LLC, 704 F. App'x 702 (9th Cir. 2017).

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Opinion

MEMORANDUM **

Fiduciary Trust International of California (FTIC) appeals the district court’s memorandum decision dismissing FTIC’s appeal of a bankruptcy court order approving certain “Conditional Provisions” in a settlement agreement that made changes to Tower Park Property, LLC’s confirmed Chapter 11 plan of reorganization. Before the district court, FTIC moved to dismiss this appeal on the ground that the Conditional Provisions failed to take effect, and appeals the district court’s denial of this motion to dismiss. We have jurisdiction under 28 U.S.C. § 158(d)(1) and 28 U.S.C. § 1291.

The settlement agreement provides that the Conditional Provisions do not take effect unless a fourteen-day appeal period following the bankruptcy court’s approval of the provisions elapses “without the filing of any appeal,” Because Alexander Hughes appealed the bankruptcy court’s approval order within the fourteen-day period, the Conditional Provisions became “void and of no force or effect ab initio.” Contrary to Tower Park’s argument, the phrase “any appeal” is not “reasonably susceptible” to an interpretation that excludes Hughes’s appeal. Pac. Gas & Elec. Co. v. G.W. Thomas Drayage & Rigging Co., 69 Cal. 2d 33, 37, 69 Cal.Rptr. 561, 442 P.2d 641 (1968). The term that the parties chose is “plainly all-inclusive.” Gerdlund v. Elec. Dispensers Int’l, 190 Cal. App. 3d 263, 273, 235 Cal.Rptr. 279 (1987). While Tower Park’s extrinsic evidence shows that certain parties to the settlement agreement were especially concerned about the risk of certain types of appeals, it does not show that the parties to the settlement agreement understood the phrase “any appeal” to mean “only certain appeals.” Because the Conditional Provisions did not go into effect, FTIC’s appeals are moot. 1

REVERSED.

**

This disposition is not appropriate for publication and is not precedent except as provided by Ninth Circuit Rule 36-3.

1

. Because we resolve this case on mootness grounds, we need not reach either the other threshold question, whether FTIC has appellate standing, see Sinochem Int’l Co. v. Malaysia Int’l Shipping Corp., 549 U.S. 422, 431, 127 S.Ct. 1184, 167 L.Ed.2d 15 (2007), or FTIC’s other arguments,

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MEMORANDUM **

Fiduciary Trust International of California (FTIC) appeals the district court’s memorandum decision dismissing FTIC’s appeal of a bankruptcy court order approving certain “Conditional Provisions” in a settlement agreement that made changes to Tower Park Property, LLC’s confirmed Chapter 11 plan of reorganization. Before the district court, FTIC moved to dismiss this appeal on the ground that the Conditional Provisions failed to take effect, and appeals the district court’s denial of this motion to dismiss. We have jurisdiction under 28 U.S.C. § 158(d)(1) and 28 U.S.C. § 1291.

The settlement agreement provides that the Conditional Provisions do not take effect unless a fourteen-day appeal period following the bankruptcy court’s approval of the provisions elapses “without the filing of any appeal,” Because Alexander Hughes appealed the bankruptcy court’s approval order within the fourteen-day period, the Conditional Provisions became “void and of no force or effect ab initio.” Contrary to Tower Park’s argument, the phrase “any appeal” is not “reasonably susceptible” to an interpretation that excludes Hughes’s appeal. Pac. Gas & Elec. Co. v. G.W. Thomas Drayage & Rigging Co., 69 Cal. 2d 33, 37, 69 Cal.Rptr. 561, 442 P.2d 641 (1968). The term that the parties chose is “plainly all-inclusive.” Gerdlund v. Elec. Dispensers Int’l, 190 Cal. App. 3d 263, 273, 235 Cal.Rptr. 279 (1987). While Tower Park’s extrinsic evidence shows that certain parties to the settlement agreement were especially concerned about the risk of certain types of appeals, it does not show that the parties to the settlement agreement understood the phrase “any appeal” to mean “only certain appeals.” Because the Conditional Provisions did not go into effect, FTIC’s appeals are moot. 1

REVERSED.

**

This disposition is not appropriate for publication and is not precedent except as provided by Ninth Circuit Rule 36-3.

1

. Because we resolve this case on mootness grounds, we need not reach either the other threshold question, whether FTIC has appellate standing, see Sinochem Int’l Co. v. Malaysia Int’l Shipping Corp., 549 U.S. 422, 431, 127 S.Ct. 1184, 167 L.Ed.2d 15 (2007), or FTIC’s other arguments,

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