Seventh Circuit Rules That Secured Creditors Must Be Given the Right to Credit-BidMark G. Douglas,George R. Howard, October 26, 2011
In a victory for secured creditors, the Seventh Circuit Court of Appeals recently held in River Road Hotel Partners, LLC v. Amalgamated Bank (In re River Road Hotel Partners, LLC), 2011 WL 2547615 (7th Cir. June 28, 2011), that a dissenting class of secured lenders cannot be deprived of the right...