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Expert Analysis

5th Circ. Stresses Equitable Subordination Rule

Law360 (August 5, 2008, 12:00 AM EDT) -- In a recent case,[1] the Fifth Circuit emphasized its rule that a creditor's claim may be equitably subordinated to the claims of other creditors only to the extent necessary to offset the harm that the other creditors have suffered, based on specific findings and conclusions....

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