Sean O'Neal, a partner at Cleary Gottlieb Steen & Hamilton, and Mark Lightner, an associate with the firm, review a recent decision where the U.S. Bankruptcy Court for the District of Delaware waded into a debate among lower federal courts over whether a claim that is subject to disallowance under Bankruptcy Code §502(d) remains subject to disallowance after the claim is transferred to a purchaser.
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Claim Disabilities Rear Their Head in 'KB Toys'
New York Law Journal
June 25, 2012
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