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 to enforce the debt as the successor Administrative Agent under Michigan law and Supreme Court precedent regarding assignees who pass proceeds to others. The court further affirmed the civil contempt order against Winget for failing to turn over $20 million in payments on promissory notes, ruling that the district court did not abuse its discretion in finding clear and convincing evidence that Winget violated a specific turnover order by directing funds through a controlled entity to himself. However, the court reversed the district court’s confirmation of a judicial sale of Winget’s trust assets, determining that the lower court abused its discretion by imposing bidding restrictions that effectively excluded the judgment creditor and other potential bidders, thereby stifling competition and resulting in a noncompetitive auction where Winget purchased assets for $19 million. The case is remanded to the district court to conduct a new judicial sale structured to maximize price through free and fair competition. Do It For The Case Law is a news reporting service. Nothing in this episode constitutes legal advice.