June 21, 2018 / 12:49 AM / 3 months ago

Judge rules bankrupt company can prevent claims trading

A bankrupt company can restrict trading of creditor claims by enforcing provisions in debt agreements that bar transfers, a U.S. bankruptcy judge ruled on Wednesday in Delaware, rejecting arguments by a hedge fund that such provisions conflicted with public policy.

The ruling voided the transfer of three promissory note claims with a face value of $75,000 to the Contrarian Funds LLC by a Florida couple.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2yp1y0W

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