The Dog That Didn't Bark - Second Circuit's Opinion in DBSD North America Disallows Gifting, But Is Silent on Cramdown of Secured Creditor

As discussed in previous posts on this site , back in December the Second Circuit Court of Appeals issued a summary order that reversed the bankruptcy court's confirmation of the reorganization plan (the "Plan") of DBSD North America, f/k/a ICO North America ("DBSD"). The...