In Re Verity Health System of California, Inc.

Good Law
United States District Court, Central District of CaliforniaAugust 2, 20192:18-cv-10675California3,483 words

Opinion

Trial Court Opinion

I. INTRODUCTION

On December 27, 2018, appellant Official Committee of Unsecured Creditors of Verity Health System of California, Inc. (the “Committee”) filed the instant Notice of Appeal (“Appeal”) (DE 1). The Committee appeals the bankruptcy court’s final order (I) authorizing postpetition financing, (II) authorizing use of cash collateral, (III) granting liens and providing superpriority administrative expense status, (IV) granting adequate protection, (V) modifying automatic stay, and (VI) granting related relief (“Final DIP Order’). On April 8, 2019, the Court granted motions to intervene from UMB Bank, N.A. (“UMB”), Wells Fargo Bank, National Association (“Wells Fargo”), and the U.S. Bank National Association (“U.S. Bank”). The Committee’s opening brief was filed on March 14, 2019 (DE 22). Appellee U.S. Bank and movants UMB and Wells Fargo filed a reply brief on April 15, 2019 (DE 31). The same day, appellee Verity Health System of California, Inc. (“Verity”) also filed a reply (DE 32). The Committee filed its reply brief on April 29, 2019 (DE 34). Finally, the Court took the matter under submission on May 31, 2019. For the following reasons, the Court DISMISSES the…

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