Brownstein Client Alert, September 18, 2009
If you have purchased or are considering purchasing distressed loans, please take note. The recent ruling in General Growth Properties' bankruptcy may directly impact you.
On August 11, 2009 the bankruptcy court rendered what may be one of the most significant decisions to affect lenders in recent history. The decision, involving the April 2009 bankruptcy filing of General Growth Properties, could forever change the way lenders look at special purpose entities (SPEs) and the way they look at independent directors. For more information, please click above.