Case Explained: 26a0265n.06

Court: United States Court of Appeals for the Sixth Circuit Filed: 2026-06-15 The Sixth Circuit affirmed the district court’s denial of Larry J. Winget’s motion to vacate a judgment and its grant of Alter Domus (US) LLC’s motion to renew a prior judgment, holding that Alter Domus possessed Article III standing as the successor Administrative Agent under the loan documents despite not being an original lender or having a direct financial stake in the litigation proceeds. The court applied the standard from *Sprint Communications Co. v. APCC Services, Inc.*, ruling that an assignee of a contractual claim has standing to enforce it even if it must pass recovery proceeds to third-party creditors, and found the assignment of duties from JPMorgan Chase to Alter Domus valid under Michigan law. The court also affirmed the civil contempt order against Winget for failing to turn over $20 million in payments made on promissory notes, applying a clear-and-convincing evidence standard to find that Winget violated a definite turnover order by directing funds through a controlled entity he treated as his personal bank account. However, the court reversed the district court’s confirmation of a judicial sale of Winget’s trust assets, finding an abuse of discretion where the lower court imposed bidding restrictions that required credit bids in the full amount of the outstanding judgment, thereby excluding the Agent and other creditors from competing and resulting in a noncompetitive auction where Winget purchased hundreds of millions of dollars in assets for $19 million. The case is remanded to the district court to conduct a new judicial sale with conditions designed to maximize competition and ensure the highest possible sale price. Do It For The Case Law is a news reporting service. Nothing in this episode constitutes legal advice.