The Fall 2010 edition of the Absolute Priority newsletter, published by the Cooley LLP Bankruptcy & Restructuring group, of which I am a member, has just 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 or to register to receive future editions. 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 topics.

The latest edition of Absolute Priority covers a range of cutting edge topics, including:

• The Third Circuit’s decision barring secured creditors from credit bidding under a plan;
• The ability of landlords to recover "stub rent" as an administrative claim;
• Whether preference defendants can use Section 503(b)(9) claims as a new value defense; and
• Proposed changes to Rule 2019 governing disclosures by ad hoc groups and committees.

This edition also reports on some of our recent representations, including the successful Chapter 11 reorganization of our client, retailer Crabtree & Evelyn, Ltd., and our work for official committees of unsecured creditors in Chapter 11 bankruptcy cases involving major retailers and others. Recent committee cases include Eddie Bauer, Uno Restaurant Holdings, Ritz Camera, Filene’s Basement, BT Tires Group, Gottschalk’s, G.I. Joe’s, Trade Secret, Pacific Metro, Mervyn’s Holdings, The Ski Market, and Michael Anthony Management, among others.

I hope you find the latest edition of Absolute Priority to be of interest.