Investors Can't Fight Finished Charter Prepack Plan: 2nd. Circ.

Law360, New York (August 31, 2012, 4:27 PM EDT) -- The Second Circuit told a group of investors Friday that they can't contest Charter Communications Inc.'s prepackaged bankruptcy plan because the cable operator already has implemented it.

A three-judge panel of the New York appeals court said the equitable mootness doctrine — which holds that an appeals court shouldn't grant a request that would unjustly upset a debtor's reorganization plan — put a halt to the appeal by wiped-out investors R2 Investments LDC and Law Debenture Trust Co. of New York, upholding a lower court's ruling...
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