Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The past year has been extraordinary for distressed M&A. Although 2009 will be remembered as the year of mega-363 sales in Chrysler and General Motors, 2009 also saw a unique twist in Lehman, and multiple cases, including Delphi and Metaldyne, giving rise to the “collective action” doctrine. Lyondell set the record for compensating prepetition lenders extending new credit as rollover debtor-in-possession financing, Charter broke new ground on reinstatement of prepetition debt, and Tousa voided the “savings” provision used in many complex enterprise financings to insulate upstream guaranties from fraudulent conveyance attack. Finally, responsibilities of the board of a troubled company as established in North American Catholic provided the key support for a critical decision in General Growth Properties and will likely be revisited in the Capmark chapter 11 case.

This content has been archived.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Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.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 customercare@alm.com


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.