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Doug:
Tell me why Bangor Punta shouldn't limit the rights of buyes of distressed bonds, just as it does the rights of buyers of distressed stock. Vultures like the Tribune Co bond holders make their living stressing the lives of lawyers (who advised on solvency) just for the fun of showing how tough they are; Fun is not bankruptcy's purpose
Commented Nov 23, 2010 on H2H: LoPucki's Second Post at The University of Chicago Law School Faculty Blog
H2H: LoPucki's Second Post
Douglas raises essentially three points: 1. The intuitive qualm: If these deals are so good, why aren't the case placers taking the deals for themselves? First, we don't know that the case placers aren't. To confirm a plan of reorganization, a debtor must file a disclosure statement -- typi...
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Nov 22, 2010
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