BNY Mellon, JPMorgan, Others Can Appeal Ala. County Ch. 9

Law360, New York (April 11, 2012, 7:00 PM EDT) -- An Alabama federal judge on Monday gave Bank of New York Mellon, JPMorgan Chase Bank NA, Societe Generale SA and other creditors the go-ahead to challenge Jefferson County, Ala.'s eligibility to file for Chapter 9 bankruptcy because of a legal question that has not yet been settled.

U.S. District Judge Inge Prytz Johnson granted the creditors' April 4 motion for leave to appeal the $4.23 billion bankruptcy filing, allowing a second look at U.S. Bankruptcy Judge Thomas Bennett's March 4 ruling that the county was eligible...
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