The Spring 2013 edition of the Absolute Priority newsletter, published by the Bankruptcy & Restructuring group at Cooley LLP, of which I am a member, has now been released. The newsletter gives updates on current developments and trends in the bankruptcy and workout area. Follow the links in this sentence to access a copy of the newsletter. You can also subscribe to the blog to learn when future editions of the Absolute Priority newsletter are published, as well as to get updates on other bankruptcy and insolvency topics.
The latest edition of Absolute Priority covers a range of cutting edge topics, including:
- The U.S. Supreme Court’s decision upholding a secured creditor’s right to credit bid;
- Determining when a claim arises under the Bankruptcy Code;
- How the assumption of an executory contract can protect a party from a preference claim; and
- A recent Seventh Circuit decision applying the absolute priority rule in a Chapter 11 plan context.
This edition also reports on some of our recent representations, including for official committees of unsecured creditors in Chapter 11 cases involving major retailers and others, and our work for Chapter 11 debtors. Recent committee cases include Mervyn’s Holdings, Appleseed’s Intermediate Holdings, Atari, Vertis Holdings, United Retail, and Urban Brands, among others.
I hope you find the latest edition of Absolute Priority to be of interest.