Summary
Federal district court reverses bankruptcy court’s confirmation of debtor’s exclusive reorganization plan, finding that expert valuation does not satisfy requirement for actual market valuation under new value exception to absolute priority rule.
H.G. Roebuck & Son, Inc. v. Alter Communications
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See Also
Expert Value Is Not Equal to Market Value Under Exception to Absolute Priority Rule
Federal district court reverses bankruptcy court’s confirmation of debtor’s exclusive reorganization plan, finding that expert valuation does not satisfy requirement for actual market valuation under new value exception to absolute priority rule.