Four Decades for Justice
On March 26, 2010, Cravath issued to its clients a memo entitled “Debtors May Preclude Secured Lenders from Credit Bidding in a ‘Free-and-Clear’ Sale in a Chapter 11 Cram-Down Plan.” The memo discusses the Court of Appeals for the Third Circuit’s decision that allows a Chapter 11 debtor to evade the secured lenders’ protection of credit bidding at a sale of the secured lenders’ collateral.
Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.
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