Bankruptcy Law

CLIENT ALERT (2/12/2010)

Two More Decisions Of The United States Bankruptcy Court For The District Of Delaware Further Underscore Conflicting Views Of Bankruptcy Rule 2019’s Disclosure Requirements  (71 KB)
 
The United States Bankruptcy Court for the District of Delaware recently issued two important, but conflicting, rulings on the disclosure requirements of Rule 2019 of the Federal Rules of Bankruptcy Procedure.  Rule 2019 is critically important to hedge fund managers and others who trade in distressed securities using proprietary investment practices.  These two rulings highlight the uncertainty that currently exists regarding the applicability of Rule 2019's disclosure requirements.  Click here to download.