A Recap Of Bankruptcy Rule 2019

Law360, New York (March 5, 2012, 12:35 PM EST) -- In a Sept. 7, 2010, article, the Wall Street Journal reported an uptick in bankruptcy claim activity by traders and the desire of the traders to not comply with certain bankruptcy disclosure requirements that applied to “committees.”

The Journal highlighted one case in which Bankruptcy Judge Brendan Shannon of the Delaware District Court held the following exchange with a lawyer for certain bondholders: “‘Are you a committee?’ The lawyer began to answer, ‘Well, actually, Your Honor, we are a group of —’. Interrupting, Judge Shannon said...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.