WaMu Bankruptcy Court Holds Hedge Fund Creditors May be Insiders | Practical Law

WaMu Bankruptcy Court Holds Hedge Fund Creditors May be Insiders | Practical Law

On September 13, 2011, a bankruptcy judge for the US Bankruptcy Court for the District of Delaware held that hedge fund creditors may have become insiders and may have a fiduciary duty to other creditors because they hold a blocking position in Washington Mutual's debt structure.

WaMu Bankruptcy Court Holds Hedge Fund Creditors May be Insiders

Practical Law Legal Update 3-508-3965 (Approx. 3 pages)

WaMu Bankruptcy Court Holds Hedge Fund Creditors May be Insiders

by PLC Finance, PLC Corporate & Securities and Practical Law Bankruptcy & Restructuring
Published on 22 Sep 2011 • USA (National/Federal)
On September 13, 2011, a bankruptcy judge for the US Bankruptcy Court for the District of Delaware held that hedge fund creditors may have become insiders and may have a fiduciary duty to other creditors because they hold a blocking position in Washington Mutual's debt structure.