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Wednesday, June 3
MarketWatch
Dean Robert Rasmussen was quoted about General Motors bondholders lacking a voice in the company’s reorganization. Because GM has chosen to use section 363 of the bankruptcy code, smaller bondholders won’t have a chance to vote down a GM reorganization plan, as they would under Chapter 11 bankruptcy. “The basic right bondholders have is to say they won’t approve a reorganization,” Rasmussen said. “By going the 363 route, it takes away that ability to make a procedural objection.”
Wednesday, June 3
Athens Banner-Herald
Prof. Susan Estrich wrote a column about the role of judges. “This is the season when lawyers left and right cross our fingers behind our backs and solemnly swear that judges don’t make law,” Estrich wrote. “Except, of course, that they do.”
