Weekly News – September 29

The 45-day road to nowhere


BK pros to the rescue!


K&E pitch deck


LMEs a “creative” roadmap to nowhere

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Our take:
A road to nowhere! S&P is rightfully concerned about LMEs that pile on interest expense and don’t provide runway
Let us know what you think


Excluded lenders fight back!

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Our take:
Providing benefits to subsets of creditors undermines the rehabilitative benefits of the Code.
The system will break (see above re Roman Empire).
Let us know what you think


Freight train coming for excluded lenders…

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The virus is spreading…


ugh….


McDermott restructuring starts

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Evergrande hits a wall


What we’re listening to…


Chart of the week


and consumer defaults rising…


2023 CRC Allocators Conference coming up

This event is available to institutional investors only


CRC weighs in on Serta


The Academics Speak Up
Purdue Pharma

Purdue Pharma is the gift that keeps on giving. This is our third installment on the twists and turns this case has taken through the Courts. You can read our first installment here, and our second here.

All bets came off the table when the Supreme Court decided to reshuffle the deck by taking on the appeal of the 2nd Circuit’s decision. Not only did SCOTUS take the unusual step of taking on this big ticket issue in BK cases but it also stopped the lower court’s decision in its tracks putting the breaks on the entire enchilada. We decided to consult with our expert Academic Contributors for our inaugural feature the Academics Speak Up to get their takes on the latest developments.

We are excited to bring you the varying perspectives of Prof. Tony Casey, Prof. Samir Parikh and Prof. Ralph Brubaker.
 

Read on here, you won’t be disappointed.


Read more on Purdue Pharma

click through to read the features from our Contributors

Martin Bienenstock
Phil Anker
Marshall Huebner
Edward Neiger
Jennifer Christian
Paul Silverstein
Clifford J. White III

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


Look out for more great features from our Contributors


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