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Not so Fast Shareholders; I’ll be Taking That Post-Petition Interest

November 20, 2024 (3 min read)

In the Hertz bankruptcy case, the U.S. Court of Appeals for the Third Circuit found that Hertz (as a solvent debtor) must repay make-whole amounts and post-petition interest before it could make a distribution to shareholders. Check out this expertly drafted article analyzing this decision and the case law addressing the issues raised in the Hertz case.

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