Clyde Bergemann, Inc. v. Babcock & Wilcox Co. (In re Babcock & Wilcox Co.)
Court of Appeals for the Fifth Circuit
1Opinion of the Court
JERRY E. SMITH, Circuit Judge:
Clyde Bergemann, Inc. (“Bergemann”), appeals the district court’s affirmance of the bankruptcy court’s order authorizing a post-petition financing agreement between The Babcock and Wilcox Company, Inc. (“B&W”), Diamond Power International, Inc. (“Diamond Power”), Babcock & Wilcox Construction Co., Inc., Americon, Inc. (collectively, the “debtors”), and Citicorp North America, Inc. (“CNA”). Finding no error, we affirm.
I
Bergemann, a competitor of Diamond Power’s, filed in 1999 a patent infringement suit, which is currently pending, seeking $52 million damages. In…
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