Marblegate Under Attack! Or Not? Out-of-Court Bond Restructurings in Light of NY Court of Appeals Decision in CNH Diversified

Mayer Brown partners Sean Scott, Matt Wargin, and Aaron Gavant, counsel Craig Reimer, and associate Sam Rabuck discussed the recent decision in CNH Diversified Opportunities Master Account, L.P. v. Cleveland Unlimited, Inc. from New York’s highest appellate court, the Court of Appeals, and its potential impact on minority noteholder rights in connection with a strict foreclosure and purported cancellation of notes in an article available here.