The Winter 2012 edition of the Absolute Priority newsletter, published by the Bankruptcy & Restructuring group at Cooley LLP, of which I am a member, has recently 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 Supreme Court’s recent Stern v. Marshall decision and its impact on the ability of bankruptcy courts to enter final judgments in certain cases;
- Recent decisions on the ability of secured creditors to credit bid their debt in bankruptcy asset sales;
- Issues involving the recharacterization of debt as equity; and
- The ability of directors and officers to obtain coverage under a D&O liability policy purchased by a bankrupt company.
This edition also reports on some of our recent representations, including our work for official committees of unsecured creditors in Chapter 11 cases involving major retailers and others. Recent committee cases include Blockbuster, Orchard Brands, Alexander Gallo Holdings, Claim Jumper, Signature Styles, Urban Brands, and Mervyn’s Holdings, among others.
I hope you find the latest edition of Absolute Priority to be of interest.