Law360, New York (January 04, 2012, 7:23 PM ET) -- On April 26, 2011, the U.S. Supreme Court of the United States adopted amendments to Rule 2019 of the Federal Rules of Bankruptcy Procedure (Amended Rule 2019) and submitted the proposed amendment to Congress for approval. Amended Rule 2019 was approved by Congress and became effective on Dec. 1, 2011. The rule governs certain disclosure requirements for groups consisting of multiple creditors or equity security holders acting in concert in Chapter 9 or Chapter 11 cases.
In the last several years, Rule 2019 has been the...
Amended Rule 2019 — Clarity And Confusion
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