3 Cautionary Tales For Buyers Of Bankruptcy Claims
Law360 (July 19, 2018, 12:46 PM EDT) -- Claims trading has become increasingly commonplace in today's bankruptcy cases, typically with little need for policing by the courts. Investors often purchase claims as a means by which to execute recovery or acquisition strategies, with the understanding that they generally acquire those claims subject to any infirmities. Beyond that, courts have provided little guidance regarding other problems that might affect the use of claims purchased for strategic reasons.
Recently, this dynamic has begun to change. In recent decisions, three courts reviewed claims trading activity and emphasized the need for buyers to exercise care when purchasing claims. Based on these decisions, which...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!