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
Seyfarth Synopsis: As measured by the top ten largest case resolutions in various workplace class ac...
Read More >
On April 24, 2020, Governor Inslee announced a plan to allow current construction projects to be com...
Read More >
As trade with our North American neighbors continues to evolve and grow, we’re taking a closer look...
Read More >
If asked to describe the essential functions of a given job, most employers would include actually s...
Read More >
This is the third in a trilogy of blogs discussing issues of importance for investors seeking E-2 vi...
Read More >
The legal uncertainties that surround wage advance products continue to boil and bubble. We’ve prev...
Read More >