Claims Trading from the Inside Out: Ninth Circuit BAP Holds that a Non-Insider Claimant's Vote on a Plan Is Not Discounted Merely Because the Claimant Purchased Its Claim from an Insider

by Michael M. Lauter In an unpublished decision in In re The Village at Lakeridge, LLC , BAP Nos. NV-12-1456 and NV-12-1474 (B.A.P. 9th Cir. Apr. 5, 2013), the United States Bankruptcy Appellate Panel of the Ninth Circuit held that a vote on a plan of reorganization submitted by a non-insider claimant...