Ala. County Creditors To Appeal Largest-Ever Ch. 9

Law360, New York (March 20, 2012, 5:36 PM EDT) -- A group of bank creditors vowed Monday to appeal an Alabama county’s eligibility to file the largest municipal bankruptcy in U.S. history, saying the Eleventh Circuit should quickly resolve pressing questions about the state's bankruptcy laws.

In a joint motion, Bank of New York Mellon Corp. and several other banks asked U.S. District Judge Thomas B. Bennett to finalize and allow them to appeal a March 4 decision permitting Jefferson County to seek Chapter 9 court protection. The county, Alabama’s most populous, filed for bankruptcy in...
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