Nantahala Capital Partners, LP v. Washington Mutual, Inc. (In re Washington Mutual, Inc.)

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January 3, 2012
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Nantahala Capital Partners, LP v. Washington Mutual, Inc. (In re Washington Mutual, Inc.)
2012 Bankr. LEXIS 1
US
Federal Court
Delaware
United States Bankruptcy Court
Charlotte Chamberlain (debtors); Barry Levine (investors)
Walrath

Summary

Bankruptcy court finds that “litigation tracking warrants” held by investors are equity as opposed to debt claims, based primarily on testimony by the creators of the warrants rather than the parties’ financial experts.
Nantahala Capital Partners, LP v. Washington Mutual, Inc. (In re Washington Mutual, Inc.)
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See Also

Litigation Warrants: Debt or Equity? Experts Disagree, Court Demurs

Bankruptcy court finds that “litigation tracking warrants” held by investors are equity as opposed to debt claims, based primarily on testimony by the creators of the warrants rather than the parties’ financial experts.