Second Circuit Limits Creditors’ Ability to Claw Back LBO Payments

A recent decision by the U.S. Court of Appeals for the Second Circuit, In re Tribune Company Fraudulent Conveyance Litigation,1 represents a significant victory for shareholders who may get cashed out in connection with a leveraged transaction that precedes a company bankruptcy.

Filed under:
USA, Capital Markets, Company & Commercial, Insolvency & Restructuring, Litigation, Dechert LLP, Shareholder, Leveraged buyout, Second Circuit
Authors:
Michael S. Doluisio , Stuart T. Steinberg
Location:
USA
Firm:
Dechert LLP