X
30Dec

New York District Court Expands the Scope of the Bankruptcy Safe Harbor for LBO Payments

Jones Day | | Return|
In 2019, the U.S. Court of Appeals for the Second Circuit made headlines when it ruled that creditors' state law fraudulent transfer claims arising from the 2007 leveraged buyout ("LBO") of Tribune Co. ("Tribune") were preempted by the safe harbor for certain securities, commodity or forward contract payments set forth in section 546(e) of the Bankruptcy Code. In In re Tribune Co. Fraudulent Conveyance Litig., 946 F.3d 66 (2d Cir. 2019), petition for cert. filed, No. 20-8-07102020, 2020 WL...
By: Jones Day
Source Url: https://www.jdsupra.com/legalnews/new-york-district-court-expands-the-53762/

Related

Oregon’s “Stay Home, Save Lives” Order; Construction Is Permitted to Continue

Governor of Oregon Kate Brown issued a state-wide Executive Order No. 20-12 on March 23, 2020, direc...

Read More >

The BUILD Act Greenlights Equity Investments, Increasing Need for Legal Involvement

A little over a year ago, the Better Utilization of Investments Leading to Development (BUILD) Act w...

Read More >

Federal Court Certifies Class in Multiple-Plan ERISA Challenge to Health-Plan and Retirement-Plan Fees

A Texas federal court certified a class in an ERISA action brought by participants in one plan, but ...

Read More >

National Labor Relations Board Reopens Rules Related to Union Activity

The National Labor Relations Board continues its efforts to revisit earlier decisions that expanded ...

Read More >

COVID-19 Impacts on Representations & Warranties Insurance Coverage in M&A Transactions

As the number of confirmed coronavirus (COVID-19) cases and related business disruptions continue to...

Read More >

New Jersey Supreme Court to Decide Whether Absence of Adverse Employment Decision is Fatal to Failure to Accommodate Claim

The New Jersey Supreme Court has granted certification and will review the Appellate Division decisi...

Read More >