The American Bankruptcy Institute's ("ABI") VOLO Project had me synopsize the Second Circuit Court of Appeals' decision in U.S.A. v. Kerr-McGee Corp. (In re Tronox Inc.). The sixty-two-page opinion boiled down to two "holdings." They are:
a.) Claims derived through a debtor are bankruptcy estate property which only a trustee can assert;
b.) A District Court order on a contempt motion which:
1.) enforced an existing injunction; and
2.) made no contempt finding nor sanctions award was not a "final order" subject to immediate appeal.