Ferve Ozturk

Ferve Ozturk

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Bankruptcy Claims vs. Class Actions: Southern District of New York Finds Class Action Process Superior

In bankruptcy proceedings, is a class action superior to the claims administration process as a vehicle for resolving claims under the federal and New York State Workers Adjustment and Retraining Notification Act (the “WARN...more

5/2/2013 - Chapter 11 Class Action Rule 23 WARN Act

Seventh Circuit Reaffirms Absolute-Priority Rule in In re Castleton Plaza, LP

Can an equity investor who directs an insider to contribute "new value" to a debtor under a plan of reorganization, so as to retain his interest in the company, avoid an express market test for that new equity? The answer to...more

2/25/2013 - Absolute Priority Rule Chapter 11 Competitive Bidding Debtors Equity Investors In re Castleton Plaza New Value Plans Reorganizations Unsecured Creditors

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