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Buying Just Enough Unsecured Claims to Defeat Confirmation Is Ok, Ninth Circuit Says

To warrant ‘designation,’ a claim purchaser must have an ‘ulterior motive’ beyond self-interest.

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Opinion Link:

Opinion Link

Judge Name:

N. Randy Smith

Case Citation:

Pacific Western Bank v. Fagerdala USA-Lompoc Inc. (In re Fagerdala USA-Lompoc Inc.), 16-35430 (9th Cir. June 4, 2018)

Case Name:

In re Fagerdala USA-Lompoc Inc.

Case Type:

Business
Court: