October Notice

The Financial Lawyers Conference presents:

In Or Out?
Do Creditors Become Insiders For Claims Trading Purposes By Negotiating Plan Treatment With The Debtor And Other Constituencies?

Thursday, February 9, 2012

In September 2011, Bankruptcy Judge Walrath issued an opinion in the Washington Mutual case, finding that colorable claims for "equitable disallowance" had been stated against certain creditors who were negotiating a settlement of plan issues based upon alleged "insider trading" by those creditors during the bankruptcy case. Some of the alleged nonpublic information concerned the propects for a consensual plan, something that the creditors knew by virtue of their involvement in settlement discussions.

This program analyzes the backdrop to and potential implications of the Washington Mutual opinion, including the general rules applicable to trading debt inside and outside of bankruptcy, questions raised by different elements of the opinion, and ramifications of the opinion for individual creditors, informal groups of creditors, debtors, and their respective counsel. The program will offer the perspectives of both bankruptcy and non-bankruptcy attorneys on the ripples created when bankruptcy and securities laws collide.

Speakers
Whitman L. Holt, Klee, Tuchin, Bogdanoff & Stern LLP
Thomas E. Patterson, Klee, Tuchin, Bogdanoff & Stern LLP
Gary J. Cohen, Sidley Austin LLP

	The Beverly Hilton 9876 Wilshire Boulevard Beverly Hills, CA

	Registration and Reception 6:00 p.m. - 7:00 p.m. Registration and Cocktail Reception with Appetizers & Buffet		NEW FORMAT
	Program 7:00 p.m. - 8:00 p.m.

	Costs see below

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