Miami Center Ltd. Partnership v. Bank of New York

How later courts describe this case

• concluding that “an appeal is not moot if the court can still order some effective relief”
• noting that the “mootness standard ... is widely accepted in case law....”
• findings and conclusions of bankruptcy court could have bound state court under res judicata if there had been identity of thing sued for in two actions
• appellants sought, among other things, the reinstatement of an action against the Bank of New York (“BNY”
• case moot, as it had become "legally and practically impossible to unwind the confirmation of the plan or otherwise to restore the status quo” before confirmation
• local law determined apportionment of damages, but federal law determined correction of verdict from several to joint liability
• parties to a joint venture would be liable jointly and severally as joint tortfeasors where tort allegedly committed by co-venturer