SIFMA has submitted an Amicus “Friend of the Court” Brief.

Court:

U.S. Court of Appeals
(Second Circuit)

Amicus Issue:

Whether a plan of reorganization in bankruptcy that obligates an oversecured creditor to accept property of a type traded in public markets at a value markedly less than the amount of the creditor’s secured claim provides property “of at least the value” of that claim for purposes of 11 U.S.C. § 1129(b)(2)(A)(i)(II).

Counsel of Record:

Ronald J. Mann

Columbia Law School

Other Amici:

Loan Syndications and Trading Association

Managed Funds Association