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The "time period" encompassed by the lawsuit began Aug. 19, 2018, ... Oct. 17. For those who plan to file by mail, you can download a copy of the claim form or contact the settlement administrator ...
In the mortgage context, the term "cramdown" has a distinct meaning than in a chapter 11 corporate bankruptcy. Instead of referring to the confirmation of a plan over the objection of an impaired class of creditors, a mortgage cram-down refers to reducing the creditor's allowed secured claim to the value of the collateral property.
Oracle agreed to pay $115 million to settle a lawsuit accusing the database software and cloud computing company of invading people's privacy by collecting their personal information and selling ...
Consumers and the government alike are cracking down on ... Many of these cases have lead to class action lawsuits and ... Must have been an unlimited data customer between Oct. 1, 2011 and June ...
If the debtor proposes a plan within the 120-day exclusivity period, a 180-day exclusivity period from the date of filing for chapter 11 is granted in order to allow the debtor to gain confirmation of the proposed plan. [14] With some exceptions, the plan may be proposed by any party in interest. [18] Interested creditors then vote for a plan.
Under chapter 11 of the US Bankruptcy Code this kind of debt restructuring is usual, and the so-called "cram down" procedure allows a court to approve a plan over the wishes of creditors if they will receive a value equivalent to what they are owed. [94] However, under UK law, the procedure remains predominantly voluntary, except for small ...
The justices, who heard arguments in the case on Nov. 6, dismissed Facebook's appeal of a lower court's ruling that allowed a 2018 class action led by Amalgamated Bank to proceed.
The term "pre-pack sale" has been defined by the Association of Business Recovery Professionals as "an arrangement under which the sale of all or part of a company’s business or assets is negotiated with a purchaser prior to the appointment of an administrator, and the administrator effects the sale immediately on, or shortly after, his appointment". [1]