Ropes & Gray to Represent PEM Entities LLC before U.S. Supreme Court
On June 27, 2017, the U.S. Supreme Court agreed to hear an appeal brought by Ropes & Gray of the Fourth Circuit’s decision in PEM Entities LLC v. Eric M. Levin & Howard Shareff. The Supreme Court’s decision in the case will have significant implications for business owners making debt investments, including extending rescue loans or purchasing the distressed third-party debt of their companies, as a way to keep them out of bankruptcy. Ropes & Gray issued a full client alert outlining the issues at stake in the case, available here.
The team representing PEM Entities LLC includes appellate & Supreme Court partner Douglas Hallward-Driemeier and business restructuring partners Jim Wilton, Ross Martin and Gregg Galardi.