In Re Northwood Properties, LLC

MEMORANDUM AND ORDER

YOUNG, District Judge.

This fascinating case arises in the context of a bankruptcy proceeding. At stake are development rights potentially worth millions of dollars. The result is a barroom brawl for control of these rights. The appellee, Northwood Properties, LLC (“Northwood”), is a condominium developer, now in bankruptcy, that seeks to build new units to raise funds to pay off its debtors. The appellants, Sidney Bourne (“Bourne”), Claudio Delise (“Delise”), and Ralph Tyler (“Tyler”), have fired two shots in their battle for control of the development rights. First,…