X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The authors suggest the following language be included in all press releases issued by companies involved in bankruptcy proceedings: The Corporation is currently in a bankruptcy proceeding. All documents filed with the bankruptcy court are available to the public. The bankruptcy proceedings may affect the interest of shareholders in the Corporation. The Corporation advises you to seek the assistance of professionals knowledgeable about the bankruptcy proceedings when making investment decisions concerning the Corporation. The above or similar language will likely protect the debtor and its management from allegations of withholding material facts in connection with its press releases. Craig M. Rankin is a partner at the Los Angeles-based bankruptcy boutique Levene, Neale, Bender & Rankin L.L.P.and formerly clerked for a bankruptcy judge. David B. Golubchik is an associate at the firm. This clause is an excerpt from the authors’ article entitled “A Debtor’s Press Release.”

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.