IN RE: HOLLY MARINE TOWING, INC. (January 6, 2012)
IN RE: RIVER WEST PLAZA - CHICAGO, LLC (December 22, 2011)
IN RE: LONGVIEW ALUMINUM, L.L.C. (September 2, 2011)
MATRIX IV, INC. v. AMERICAN NATIONAL BANK AND TRUST CO. OF CHICAGO (July 28, 2011)
IN RE: GOLF 255, INC. (July 22, 2011)
TOWNSQUARE MEDIA v. BRILL (July 21, 2011)
RIVER ROAD HOTEL PARTNERS v. AMALGAMATED BANK (June 28, 2011)
When entering into secured transactions, most secured lenders long assumed that, even in a bankruptcy, their borrowers would not be able to sell encumbered assets free and clear of the lenders’ liens without the lenders’ consent or, without at least providing the lenders the opportunity to bid their secured debt at an auction.
In FTI Consulting, Inc. v. Merit Management Group, LP,1 the Seventh Circuit recently held that transfers are not protected under the safe harbor of section 546(e) of the U.S.