Has The Disturbance To Claims Trading Been Quelled?

Law360, New York (November 16, 2007, 12:00 AM EST) -- Many participants in the multibillion-dollar distressed-debt trading markets were hoping that Federal District Court Judge Shira A. Scheindlin would permit expedited review of her ruling immunizing a purchaser of a claim against a debtor in bankruptcy from objections to the claim based upon the conduct of a prior holder of the claim.

In an opinion that will no doubt generate discussion, debate and angst among such market participants, Judge Scheindlin dashed their hopes by refusing to permit an interlocutory appeal of her earlier decision that created...
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