The LSTA (joined by the Bank Policy Institute) filed the amicus brief in a case brought by a litigation trust that arose from the Millennium bankruptcy.
Search Results
In re Jevic
On Friday, September 2nd, the LSTA filed an amicus brief with the Supreme Court of the United States in In re Jevic urging the court to overturn the use of structured dismissals that violate the absolute priority rule, a foundational tenant of the bankruptcy code. This case will determine whether Chapter 11 of the Bankruptcy […]
Marblegate Asset Management v. Education Management Corp. (“Marblegate II”)
On September 16th, the LSTA filed an amicus brief in connection with an appeal to the U.S. Court of Appeals for the 2nd Circuit of a recent case decided in the Southern District of New York which could have important consequences for the market for distressed debt. In Marblegate Asset Management v. Education Management Corp. […]
Stonehill Capital v. Bank of the West
The LSTA filed an amicus brief requesting that the Court of Appeals, NY State’s highest court, agree to hear an appeal of a case, Stonehill Capital v. Bank of the West, which presents two questions of utmost importance to the loan market.
LSTA Files Amicus Brief For The 2nd Circuit in Support of Rehearing En Banc
The Loan Syndications and Trading Association and The Clearing House Association L.L.C. request leave to file a brief as amici curiae in support of JPMorgan’s pending petition for rehearing en banc.
LSTA Files Amicus Brief with U.S. Supreme Court Over Holders of Mortgages in Bankruptcy
LSTA, joined by the American Bankers Association, the Securities Industry and Financial Markets Association and the Clearing House Association, filed with the Supreme Court of the United States an amicus brief in support of the proposition that a bankruptcy court cannot compel the holder of a mortgage to relinquish property to a debtor, free of […]
Bank of America v. Caulkett
The LSTA, joined by the Clearing House and the American Bankers Association, filed an amicus brief in support of a petition to the U.S. Supreme Court for a writ of certiorari (seeking review of a case) in Bank of America v. Caulkett that could have important ramifications for secured lenders.
W.R. Grace
The LSTA submitted an amicus brief to the United States Court of Appeals for the Third Circuit in In re W.R. Grace & Co. The issue addressed by the brief was the “absolute priority rule”, the bankruptcy rule that requires that a debtor’s creditors be paid in full before its stockholders recover anything.
CompuCredit
The LSTA filed an amicus brief in CompuCredit Holdings Corporation v. Akanthos Capital Management, LLC, a case that raises the issue of whether collective action by creditors in pre-existing loans constitutes a per-se violation of the anti-trust laws.
LSTA Submits Joint Amicus Brief to US Supreme Court in RadLAX Bankruptcy Case
The LSTA submitted an amicus brief to the US Supreme Court in the RadLAX Gateway Hotel case, arguing that secured creditors cannot be prevented from “credit bidding” in an auction of their collateral in a “cram down” plan of reorganization.
Become a Member
Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.