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Second Circuit Tribune Decision Stands—Providing Bankruptcy Code “Safe Harbor” Protection for LBOs

In a case with wide-reaching implications for the private equity industry, the U.S. Supreme Court ended a decade-long effort by distressed debt investors to undermine the safe harbor from avoidance actions set forth in Section 546(e) of the Bankruptcy Code.

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Supreme Court Affirms the Right of Secured Creditors to Credit Bid in a Sale under a "Cramdown" Plan of Reorganization

Practices: Business Restructuring, Appellate & Supreme Court

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