The following excerpt is from Amalgamated Sugar Co. v. NL Industries, Inc., 825 F.2d 634 (2nd Cir. 1987):
We have no quarrel with the general rule that " 'when the issues presented are no longer "live" or the parties lack a legally cognizable interest in the outcome' ", Murphy v. Hunt, 455 U.S. 478, 481, 102 S.Ct. 1181, 1183, 71 L.Ed.2d 353
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