Transportation Alliance Bank v. International Confections Co.

The Supreme Court dismissed as moot the appeal of International Confections Company seeking to set aside a district court order approving a receivership sale of its assets to a third party. After the third party entered into a binding purchase agreement and acquired the assets at issue, International Confections filed a motion for relief from judgment under Utah R. Civ. P. 60. The district court denied the motion. International Confections appealed, asking the Supreme Court to reverse the district court’s denial of its Rule 60 motion on three grounds. The Supreme Court dismissed the case as moot without addressing the merits of International Confections’ arguments, holding that because International Confections failed to protect its interests by seeking a stay of the district court’s sale order, this court was without power to grant any relief, thus mooting the case on appeal. View "Transportation Alliance Bank v. International Confections Co." on Justia Law