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Cramdown for Unsecured Creditors: Since When Does "Best Interests" Mean Less Interest?

May 23, 2018

A chapter 11 debtor cannot allow its equityholders to retain their interests while cramming down a class of unsecured creditors with payments that omit adjustments for risk.

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GM Ignition Switch Litigation Makes Law on Punitive Damages and Law of the Case
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Ten years later, courts are still sorting out who’s liable for Old GM’s failure to disclose a known defect.

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