pdf

New York Law Journal: Chapter 11 Plan Support Agreements- Greasing the Wheels for Confirmation Success

November 15, 2019

O’Melveny Restructuring partners Joe Zujkowski and John Rapisardi authored this piece in New York Law Journal, which discusses the implications of In re Peabody Energy.

“The Peabody decision represents a growing judicial trend toward enhancing bondholder recoveries under plan support agreements, which serve as the necessary 'grease' to garner critical support and momentum for the debtor’s Chapter 11 plan,” the authors wrote.

O’Melveny advised the ad hoc group in connection with their appeal to the U.S. Court of Appeals for the Eighth Circuit.

Read the full byline here.