• Judge Rakoff’s Nine West decision allowed fiduciary duty claims to proceed against LBO seller directors and officers based on anticipated subsequent transactions by purchaser
  • Judge Daniels’ Transocean decision rejected a bondholder challenge to a debt-for-debt liability management transaction ruling that an internal corporate reorganization did not violate a “successor obligor” provision

This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.