Excerpt from Practical Guidance

Preparing For Potential Restrictions On Claims Trading

Law360, New York (February 12, 2014, 2:23 PM EST) -- An official committee of creditors appointed in a bankruptcy case "stands as a fiduciary to the class of creditors it represents," and similarly, each member is a fiduciary to all such creditors. In re Spiegel, 292 B.R. 748, 750 (Bankr. S.D.N.Y. 2003)....

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