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Searching Content indexed under Acquisition Finance/LBOs/MBOs by Sheppard Mullin Richter & Hampton ordered by Published Date Descending.
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Attacking LBO Payouts As State Law Fraudulent Transfers
The United States Bankruptcy Court for the Southern District of New York (the "Court") in Weisfelner v. Fund 1 (In Re Lyondell Chemical Co.), 2014 WL 118036 (Bankr. S.D.N.Y. Jan. 14, 2014) recently held that the safe harbor provision of 11 U.S.C. § 546(e) did not bar unsecured creditors from seeking, under state fraudulent transfer law, to recover payouts made to former shareholders of a company acquired in a leveraged buyout.
United States
16 Feb 2014
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