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    Not so secret - when under seal isn't enough
    2013-05-10

    In a recent decision1, the United States Bankruptcy Court for the Southern District of New York found the standard for sealing under § 107 of the Bankruptcy Code was not met and declined to seal a settlement agreement, despite requests from the Chapter 7 trustee (the "Trustee") and the counterparties to the settlement agreement to do so. Confidentiality was an essential condition of the settlement. In addition, the United States trustee supported the motion to seal, arguing that the standard for sealing had been met.

    Filed under:
    USA, New York, Insolvency & Restructuring, Litigation, Lowenstein Sandler LLP, Subpoena, Deutsche Bank, Bank of America, BlackRock, United States bankruptcy court
    Authors:
    Sharon L. Levine , Michael Savetsky , Shirley Dai
    Location:
    USA
    Firm:
    Lowenstein Sandler LLP
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