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Trend Spotting — Are Courts Becoming Less Friendly to Distress Investors?
1 May 2010, 7:15 am by Scott Hirst, co-editor, HLS Forum on Corporate Governance and Financial Regulation,
In re Louisiana Riverboat Gaming Partnership and Legends Gaming of Louisiana, LLC. [7] The court confirmed the debtors’ plan of reorganization over the objections of the second lien lenders, who claimed that the plan effectively passed the equityrisk onto them. [read post]
The Harvard Law School Corporate Governance Blog - http://blogs.law.harvard.edu/corpgov