Do Hostile Restructurings Mean a New Identity for the “Official Committee” in Bankruptcies?
Reynolds Holding
MAY 6, 2022
15] Several cases have afforded Official Committee members protection from liability, recognizing that they are fundamentally self-interested as claimants to a bankrupt firm. [16] Cole Schotz Bankruptcy Blog (Feb. Members of the Official Committee may not trade their claims, for example. [15] Tang et al., 7, 2022), [link]. [20]
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