October Term 2017 · Docket 15-1509

How should appellate courts review bankruptcy findings on arm's length transactions?

Parties dispute whether appellate courts must reweigh evidence or defer to trial judges on arm's length status.

Official caption
U. S. Bank Nat. Assn. v. Village at Lakeridge, LLC
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Argued
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Official Transcript

Verified source milestones

  1. — An official oral-argument transcript was verified.
  2. — An official oral-argument transcript was verified.

The arguments, in order

This case may have been argued more than once. Each entry below uses that session's official transcript. Later arguments do not erase earlier ones.

  1. Argument 1 ·

    What happened at the argument

    Mr. Cross argued the case presents a mixed question of law and fact.

    Mr. Geyser argued that appellate review requires recreating the entire evidentiary record.

    Ms. Goodspeed argued that the debate centers on understanding the bankruptcy court's finding.

    Read the official transcript for this argument · Official argument details

    Sources used for this argument breakdown

A citizen's guide to the whole case

What this case is about

This case tests the standard of review for mixed questions of law and fact in bankruptcy. The core issue is whether appellate courts should independently assess evidence or defer to the trial judge's findings.

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How the case got here

The Supreme Court heard oral argument in this case on October 31, 2017.

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What each side wants

the sides that brought the case want appellate courts to defer to trial judges on factual findings.

the opposing sides want appellate courts to independently review the evidence.

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What each side says

the sides that brought the case argue that recreating the evidentiary record wastes judicial resources.

the opposing sides argue that the legal standard requires independent appellate assessment.

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What the justices asked

Justice Sotomayor asked why the standard matters if the outcome is unchanged.

Justice Kennedy asked if parties agree on the elements of arm's length transactions.

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Why it matters

This dispute determines how much weight appellate courts give to trial judges. It affects the finality of bankruptcy decisions. It shapes the balance between judicial efficiency and error correction.

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What happens next

This article currently covers the argument record. Use the official docket link for later case activity.

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Official Court provenance

Official docket and case history · Official Supreme Court oral-argument detail page

Title and summary sources

Revision history

  1. Revision 1 · Official Transcript ·

    Correction: Rewritten to the concise citizen-facing editorial standard.

  2. Revision 2 · Official Transcript ·

    Correction: Migrated to the dated official Court activity contract without model use.

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