OPINION OF THE COURT
This appeal grows out of a preliminary injunction issued by the Bankruptcy Court for the District of New Jersey in favor of Building Materials Corporation of America (“BMCA”), a subsidiary of the debtor G-I Holdings, Inc. The injunction barred the filing or prosecution of asbestos claims against BMCA and further prevented BMCA from refinancing its credit agreement with the Bank of New York (“BNY”) without first providing notice to the Official Committee of Asbestos Claimants (the “Committee”). After BMCA in fact gave notice of a proposed refinancing, the Committee sought to modify the preliminary injunction by placing certain restrictions on the proposed refinancing, including a condition preventing BNY from acquiring new defenses that could be asserted against the Committee in the future. The Bankruptcy Court denied the Committee’s request, and the District Court affirmed that denial on the grounds of ripeness.
We affirm substantially for the reasons expressed in the thorough and persuasive opinion of the District Court.
First, as an initial matter, the Committee’s suggestion that the justiciability requirement of ripeness is not relevant or otherwise less important in a proceeding involving modification of a preliminary injunction is incorrect. Although it is true that injunctive relief is intended to affect future conduct and guard against future injury, a federal court must still ensure
Second, we are unpersuaded by the Committee’s argument that the acquisition of possible new defenses by BNY as a result of the refinancing creates a substantial controversy between the two parties “of sufficient immediacy and reality” to satisfy ripeness concerns. See Peachlum v. City of York, Pennsylvania,
Moreover, our conclusion does not change based on the Committee’s attempt to recharacterize its request as merely seeking to preserve the status quo, and not as a request for a premature adjudication of the merits of defenses that BNY may acquire through the refinancing. As the District Court noted, the Committee cannot claim that the injury it seeks to avoid is the mere acquisition of defenses by BNY, as opposed to the prospect of BNY’s future use of such defenses.
Finally, contrary to the Committee’s speculation that the strategic balance may be altered by the refinancing, we do not see how the Committee has been “genuinely aggrieved” at this point. See Peachlum,
We have considered all of the arguments advanced by the Appellant and conclude that they are without merit. Accordingly, the judgment of the district court will be affirmed.
Notes
. We exercise plenary review over whether a claim is ripe for judicial review. See Doe v. County of Centre, PA,
. We have considered BNY’s arguments that we lack appellate jurisdiction over the District Court’s order and find them unpersuasive. Jurisdiction lies for this appeal pursuant to 28 U.S.C. § 1292(a)(1) because the District Court’s order refused, on the grounds of ripeness, to modify or dissolve a preliminary injunction. The cases cited by BNY in support of its contention, In re Kassover,
. The Committee’s reliance on In re Int'l Power Sec. Corp.,
. To the extent that the Committee relies on a decision of the Bankruptcy Court issued after the District Court decision on appeal here, we do not consider it as the Bankruptcy Court’s decision is not part of the record on appeal.
