US appeals court weighs in on “unfair discrimination” standard in cramdown provisions
Offices of the Chicago Tribune, a Tribune Co newspaper (Credit: Shutterstock.com/RozenskiP)
The US Third Circuit appeals court has weighed in on the little-analysed “unfair discrimination” standard applying to creditor cramdown in the US – rejecting calls from senior noteholders of Tribune media company to revise subordination payments in a plan approved eight years ago.
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