Weekly News – June 9

Serta plan confirmed

surprise… surprise… surprise…

Serta definition of “open market purchase” comes under fire

And, promptly appealed…

Find it on Reorg here

Our take:
There was competition — the hallmark of a “market”. But why did the Court limit the market to existing lenders? Doesn’t competition require an “open” market?? 

Tell us what you think:
Did the Court get it right? Will it be reversed on appeal? 

3M mass tort case kicked out of bankruptcy court

Buy Buy Baby sale drawing interest

Well that was quick…

LMEs bad

Aggressive BK trends

What we’re reading…

thanks to Kevin Eckhardt @Reorg!

Find it on Reorg here

Apollo on the market

Read our recent coverage:
“Open Market” Purchases

Click here to tell us what you think.
Should an “open market” purchase be liberally construed to conform to sophisticated parties intentions or are there other limiting factors?
(answers remain anonymous

Read the full length feature here.

Read our recent coverage:
Where Are We In The Credit Cycle?

Read our recent coverage: Contributor Cliff White on Examiners

Look out for more great features from our Contributors

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