Publications
Fifth Circuit Shows Reorganization Investors How to Get and Keep an Expense Reimbursement Order
October 2011
The U.S. Court of Appeals for the Fifth Circuit, on Aug. 16, 2011, affirmed the lower court's decision authorizing reimbursement of expenses to qualified bidders for a reorganization debtor's assets. In the court’s view, the debtor provided "a compelling and sound business justification for the reimbursement authority."
