CWCapital Asset Mgmt v. Burcam Capital II: Court Thwarts Debtor's "Obvious Gerrymandering" to Obtain Plan Confirmation | Practical Law
The US District Court for the Eastern District of North Carolina, in CWCapital Asset Management, LLC v. Burcam Capital II, LLC, overturned a bankruptcy court's order confirming a plan of reorganization because of "obvious gerrymandering" by the debtor, who segregated all objecting votes into a single class in order to cram down its modified plan on its largest creditor.