Law360, New York (October 22, 2009) -- A federal appeals court has affirmed a lower court's decision to allow the Finova Group to not hand over more than $81 million to equity security holders in its bankruptcy, letting the consumer finance company use the money to pay off creditors instead.
A three-judge panel of the U.S. Court of Appeals for the Third Circuit said Wednesday that bankruptcy and district court judges did not err in their findings regarding the distribution...
