Article Exchange

Top-Up Options — Looking Better and Better

Here’s the Davis Polk newsflash on two recent Delaware rulings validating the widespread use of top-up options, so long as the top-up is excluded from the calculation of value for appraisals and is otherwise properly drafted.  When regulator

Second Circuit Stays DBSD North America Plan

The chapter 11 case of DBSD North America, Inc. (“DBSD”), f/k/a ICO North America, has been marked by aggressive tactics and extreme positions from its commencement. 

Substantial Contribution Claim Denied Where Motivated By Self Interest

Ad Hoc Consortium of Senior Subordinated Noteholders v. Liquidating Landco Debtors (In re Tropicana Entertainment LLC), Case No. 08-10856 (KJC), Civ No. 09-771-SLR (September 22, 2010) (J. Robinson).

News Articles About Foreclosure Fraud And Robo-Signers

Preference Defendant Wins Summary Judgment On Ordinary Course Of Business Defense

Burtch v. Detroit Forming, Inc. (In re Archway Cookies), Case No. 08-12323 (CSS), Adv. No. 09-51429 (CSS) (September 1, 2010) (J. Sontchi).

Administrative Expense Claim for Ad Valorem Tax Denied

In re WCI Communities, Inc., Case No. 08-11643 (KJC) (September 2, 2010) (J. Carey)