The Permissibility of Class Action Proofs of Claims in Chapter 11 Cases

Excerpt from 2011 Emerging Issues 6099 The filing of a chapter 11 bankruptcy petition automatically stays "the commencement or continuation, including the issuance or employment of process, of a judicial, administrative, or other action or proceeding against the debtor that was or could have...

Extending the Market Valuation Approach to Determining Solvency

By Gregory A. Horowitz Excerpt from 2011 Emerging Issues 6113 Does Positive Equity Value Always Indicate Solvency? Both Iridium and VFB presented situations in which the debtor had substantial market equity capitalization, in the billions of dollars, at the relevant time. Perhaps for this reason...