Matthew Hamparyan

Oct 2, 2024 | mondaq.com | Douglas Mintz |Peter Amend |Matthew Hamparyan

On Sept. 10, 2024, the US Court of Appeals for the Third Circuit struck down a Delaware bankruptcy court ruling that a solvent debtor could pay its noteholders' interest at the lower federal judgment rate (a codified and typically lower interest rate), as opposed to a higher contract rate, and that the debtor need not pay contractual "make-whole" payments.