1992 developments in trading claims: participations and disputed claims
Article Abstract:
The trading of Chapter 11 bankruptcy claims has increased since 1990 and now includes participation in bank claims. The difficulty of a hostile takeover of a Chapter 11 company was shown in the 1990 decision of In re Allegheny International Inc in which Japonica Partners was frustrated. However, trading of whole claims was facilitated in 1992 by the Bankruptcy Rule 3001(e), although that cannot help with the rising administrative workload.
Publication Name: Annual Institute on Securities Regulation
Subject: Law
ISSN: 0195-5756
Year: 1992
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Insider trading after Chestman
Article Abstract:
The SEC gained more power to stop insider trading with the en banc decision of US vs Chestman. SEC Rule 10b-5 was originally used to convict Chestman of violating Section 10(b) of the 1934 Securities Exchange Act, using fraud principles. However, the conviction was overturned and Chestman was subsequently found guilty of breaking SEC Rule 14e-3 about tender offers.
Publication Name: Annual Institute on Securities Regulation
Subject: Law
ISSN: 0195-5756
Year: 1992
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- Abstracts: After Kaye Scholer: the risks of regulatory and corporate lawyers. Challenges to underwriters and their counsel in the modern capital markets environment
- Abstracts: Pay for performance. The year of the proactive director: recent developments in the performance and compensation of outside directors