The Meaninglessness Of 'Disinterested' Revisited

Law360 (January 3, 2020, 5:54 PM EST) -- In my January 2018 article,[1] I described the intersection of the involvement of BakerHostetler in both Black Elk Energy Offshore Operations LLC’s July 16, 2014, offer to purchase and consent solicitation statement for its then-outstanding $150 million principal amount of 13.75% senior secured notes, and the August 2015 bankruptcy of Black Elk[2].

The original article was published long before the guilty verdicts, post-trial motions for acquittal or a new trial, and the post-trial rulings of U.S. District Court Judge Brian Cogan in the criminal trial against Mark Nordlicht and David Levy, the former co-chief investment officers of Platinum Partners LP.[3]

On July...

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