30Dec
New York District Court Expands the Scope of the Bankruptcy Safe Harbor for LBO Payments
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
Related
After a short detour to the Business Roundtable’s Statement on the Purpose of a Corporation, we ret...
Read More >
UK employers should proceed with caution when suspending employees, and always consider carefully wh...
Read More >
The National Labor Relations Board (the “NLRB”) announced yesterday that it will issue its final r...
Read More >
Today is Time to Talk Day focusing on ending the stigma of mental ill-health in the workplace. Ment...
Read More >
The Small Business Administration issued long-awaited rules governing lender and borrower obligation...
Read More >
Mere days before San Antonio’s Sick and Safe Leave ordinance was set to go into effect, the law was...
Read More >