The Northwest Airlines Disclosure Decision. In a post last week, I discussed the Bankruptcy Court’s decision in the Northwest Airlines Chapter 11 case requiring the members of an Ad Hoc Committee of Equity Security Holders to disclose detailed information about the amounts of claims or stock owned by the Committee’s members, when they

In recent years, hedge funds and other investors in distressed debt or the equity securities of bankrupt companies have taken active roles in Chapter 11 bankruptcy cases. Often, these investors form unofficial or "ad hoc" committees. This post reports on a recent decision by a New York bankruptcy court in the Northwest Airlines case which, if