Insolvency Notes Newsletter

July / August 2007
DOWNLOAD PDF: Insolvency Notes Newsletter July / August 2007

In the July / August 2007 issue of Insolvency Notes...

• White & Case's Representation of Arahova Noteholders
• Appeal of Adelphia Confirmation Order Is Dismissed on the Grounds of Equitable Mootness
• Delaware Supreme Court Rules Against Creditors' Ability to Bring Direct Breach of Fiduciary Duty Suits Against Directors of Corporations Which Are Insolvent or Are in the Zone of Insolvency
• Adelphia Court Finds that Neither a Creditor’s Overly Aggressive Conduct in a Chapter 11 Case Nor Its Receipt of Preferential Treatment Under a Proposed Plan Is a Basis to Disqualify Its Vote on the Plan
• All Lessor Damages Under Real Property Leases, Including Damages Related to
  Maintenance and Repair Obligations, May Be Capped Under Bankruptcy Code Section 502(b)(6)
• Eleventh Circuit Rules That the Stamp Tax Exemption of 11 USC § 1146 May Apply to Transfers of Assets Made Prior to Confirmation of a Plan of Reorganization
• Pacific Lumber Bankruptcy Cases Remain in Texas