Vice Chancellor: Liquidation Standard Not ‘Per Se’ Required For Rehab Plan Approval

Mealey's (April 20, 2022, 12:25 PM EDT) -- WILMINGTON, Del. — In a 90-page opinion that he said was on an issue of first impression, a Delaware vice chancellor on April 18 ruled that in a delinquency proceeding under Delaware law, the so-called “Liquidation Standard does not operate as a per se requirement for” court approval of a rehabilitation plan....

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