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.
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RadLAX Gateway Hotel Inc. v. Amalgamated Bank
The LSTA filed an amicus brief supporting a successful petition for certiorari review by the U.S. Supreme Court in a case involving credit bidding.
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