A top-notch restructuring group, capable of handling the biggest and the most difficult restructuring from either company side or creditors’ side.
- Chambers USA, Band 1 Bankruptcy/Restructuring (Nationwide and NY)
Second Circuit Decision Improves PBGC’s Position in Chapter 11
April 15, 2009 Read the memo
On April 8, the Second Circuit Court of Appeals reversed the Bankruptcy Court, holding that special ERISA "termination premiums" due PBGC are not dischargeable in a chapter 11 bankruptcy reorganization.