Committee Says No to Disclosure Rule

Kellerhals, Richard
June 2010
High Yield Report;6/14/2010, Vol. 21 Issue 24, p21
The article probes into calls by a bankruptcy advisory committee to reject a disclosure proposal within Bankruptcy Rule 2019 to require investors and other involved parties to disclose the prices paid for a bankrupt company's debt. According to Elliot Ganz, general counsel for the Loan Syndications and Trading Association, the position on the capital structure is more relevant than the price. The Advisory Committee on Bankruptcy for the Administrative Office of the U.S. also recommended investors and other parties to file only supplemental statements.


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