Northwest Spat Highlights Disclosure Struggle

Law360, New York (May 23, 2007, 12:00 AM EDT) -- As the bankruptcy world waits to see whether the controversial Northwest disclosure order is overturned, the tension between the investment community and the other Chapter 11 players over Rule 2019 continues to build.

The rule, a longstanding provision of the Bankruptcy Code, has become the subject of widespread debate after U.S. Bankruptcy Judge Allan Gropper required the ad hoc committee of equity holders in Northwest's bankruptcy case to disclose its holdings in March.

Judge Gropper imposed Rule 2019, which requires members of an equity committee to...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.