Pre-plan settlements that violate the absolute priority rule may face obstacles

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Location
USA
Firm
Cadwalader Wickersham & Taft LLP
Tags
USA
Insolvency & Restructuring
Litigation
Cadwalader Wickersham & Taft LLP
Debtor
Unsecured debt
Collateral (finance)
Breach of contract
Fraud
Fiduciary
Accounts receivable
Federal Reporter
Limited liability company
Remand (court procedure)
Secured creditor
Unsecured creditor
Motorola
Second Circuit
United States bankruptcy court
First Circuit