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Bankruptcy Court Finds Federal Judgment Rate Applies to Postpetition Interest

Our Financial Restructuring & Reorganization Group analyzes a federal bankruptcy court ruling that sides with PG&E over noteholders in a dispute worth more than $500 million in potential interest payments. ...more

Eleventh Circuit Holds That New Value Need Not Remain Unpaid for Section 547(c)(4) Defense to Apply in Preference Actions

Our Bankruptcy & Financial Restructuring Group explores a positive holding from the Eleventh Circuit that greatly expands the applicability and scope of the new-value defense in the circuit....more

Delaware Bankruptcy Court Allows Debtor to Sidestep “Make-Whole” Payment

Bankruptcy Judge Christopher S. Sontchi recently ruled in the Energy Future Holdings case that the debtor will not be required to pay the $431 million “make whole” demanded by bondholders upon the debtor’s early payment of...more

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