Jon Kibbe, Michael Friedman, Patricia C. OPrey, Paul B. Haskel, Publications
Enron Update: District Court Reverses Bankruptcy Court Decision -- Equitable Subordination Risk Does Not Travel with the "Sale" of a Claim But Does Travel with an "Assignment" of a Claim
August 29, 2007
Below is a brief summary of the decision of the District Court reversing the Bankruptcy Court's ruling regarding the equitable subordination and disallowance of bank debt claims in the Enron Corp. bankruptcy proceeding. The issues raised by the decision are relevant to the U.S. secondary claims trading markets.
