represent that the merger of Plant and Bayside needs to be completed by November 25, 2012, because Bayside must make a $1.1 million payment to the IRS by that date under the terms of an Offer in Compromise for back taxes, and Bayside cannot make that payment unless the merger has closed. When the plan becomes effective, the Settling Insurers will make $17,125 million in settlement payments. In addition, the tort cases of asbestos victims and their families will be able to proceed in state court against Plant. III. LEGAL STANDARD Appellants, as movants, bear the burden of establishing each of the four factors required in order for a stay to issue. See Nken v. Holder, 556 U.S. 418, 433, 129 S.Ct. 1749, 173 L.Ed.2d 550 (2009). Those are: “ ‘(1) whether the stay app 66 (9th Cir.2011) (<HOLDING>) (“Although there are important differences
holding that the slidingscale standard for granting preliminary injunctions survives winter v natural resources defense council inc 555 us 7 129 sct 365 172 led2d 249 2008 holding that a serious questions version of the sliding scale approach to preliminary injunctions survives winter holding that parole survives deportation holding that the slidingscale approach also survives winter in the context of stays holding that the serious questions approach survives winter when applied as part of the fourelement winter test