Our Third Quarter Review covers the latest and greatest developments in the restructuring world in the past quarter and follows hot on the heels of the Inaugural Review published in September to coincide with the fourth anniversary of the founding of the Weil Bankruptcy Blog.
And what a fascinating few months it’s been: Judge Drain delivered a highly publicized bench ruling on the confirmation of Momentive Performance Materials’ plan of reorganization on August 26, giving us a whole host of interesting issues to analyze on the treatment of senior secured debt. If you haven’t read it already, please enjoy our in-depth series in the Momentous Decision in Momentive Performance Materials section of this Third Quarter Review, where we discuss Judge Drain’s rulings on, among other things, cramdown, make – wholes, and contractual subordination.
We’ve also continued our market leading coverage of Stern and its progeny in our Stern Files. As we await the Supreme Court’s decision in Wellness lnt‘l Network v. Sharif, the circuit courts have been providing convenient summaries of their split, and we’ve duly blogged about them on the Weil Bankruptcy Blog.