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ABI Journal

Financial Advisors

Fifth Circuit Bans Uptier Financings for Violating the Principle of Ratable Treatment

The Fifth Circuit declines to adopt a securities industry guidebook for what’s a permissible financing.

Co-Chairs’ Corner

New Committee Leadership Members

The FAIB Leadership Committee is pleased to announce the addition of three new members. Yale Bogen will serve as Newsletter Editor, Alec Haesler is our Member Relations Director, and Jonathan Wernick is the Communications Director.

A Former Officer Was Not ‘Disinterested’ but Could Be Retained as a Professional Person

Judge Dale Somers adopted a ‘liberal’ construction of Section 1107(b) to retain a professional person who had been an officer of the debtor.