"Managing Insider Trading Risks as an Ad Hoc Committee Member" by Jon Kibbe, Michael Mann and Scott Budlong featured in the LSTA 2012 Loan Market Chronicle

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April 1, 2012

A discussion piece by Richards Kibbe & Orbe LLP partners Jon Kibbe, Michael D. Mann and Scott C. Budlong titled "Managing Insider Trading Risks as an Ad Hoc Committee Member" has been featured in The Loan Syndications and Trading Associations’ 2012 Loan Market Chronicle. The piece deconstructs the U.S. Bankruptcy Court’s recent opinion rejecting the modified plan of reorganization of Washington Mutual, Inc. on the ground of a “colorable claim” of insider trading.  The RK&O partners suggest that the court’s opinion should have an indelible impact on the practices of market participants that choose to actively involve themselves in the bankruptcy process, and that it offers an approach to analyzing duties, materiality, nonpublic information and the ability to trade that can be constructively applied by ad hoc committee members.

Click here to read “Managing Insider Trading Risks as an Ad Hoc Committee Member.”