Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Historically, hedge funds are noted for their secrecy. They don’t want the public knowing who their investors are, what they invest in, what they pay for their investments or, most important, what their return is on their investments. Some enshroud themselves in a cloak of impenetrability, employing statutory loopholes in the Securities Act of 1933, the Securities Exchange Act of 1934 and the Investment Company Act of 1940.

Bankruptcy, on the other hand, is the antithesis of secrecy. Under a prevailing full-disclosure policy, the U.S. Bankruptcy Code is designed to aid creditors in obtaining critical information and making informed financial decisions. When the irresistible force of hedge funds meets the immovable object of the Bankruptcy Code, however, something has got to give.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

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

Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.