Delaware Opinion's Implications for Post-Confirmation Trust Litigation

June 2013
ABI Journal;Jun2013, Vol. 32 Issue 5, p18
The article reflects on the Washington Mutual Inc.'s court case, wherein potential claims exists from claims made through a post-confirmation trust in behalf of an estate against directors and officers of the debtor. It notes that the case serves a warning sign over the unlikelihood of bankruptcy court jurisdiction. Part of the discussion was to grant $65 million worth of liquidation plan for creditor's recoveries rather than the $10 million recovery for the estate and the defense counsel.


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