Distressed Claims Trading: Insider Trading May Lead To Disallowance Of Bankruptcy Claims And Breach Of Fiduciary Duties.
Mondaq Business Briefing › Nbr. 2012, January 2012
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Distressed Claims Trading: Insider Trading May Lead To Disallowance Of Bankruptcy Claims And Breach Of Fiduciary Duties.
In a significant expansion of the potential risk for distressed claims traders, the Delaware bankruptcy court has recently ruled1 that traders who engage in insider trading may have their claims subordinated to equity, and that traders who amass claims sufficient to block a plan of reorganization owe fiduciar...
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