'Allied' May Expand Circumstances for Reopening a Bankruptcy Auction

, New York Law Journal


Kristopher M. Hansen, Jayme T. Goldstein and Jonathan D. Canfield of Stroock & Stroock & Lavan write: A recent decision by the Bankruptcy Court for the District of Delaware illustrates the difficult balancing act that a court must undertake in the face of a post-bankruptcy auction objection and may have laid the foundation for expanding the previously limited circumstances in which a court will allow an auction to be reopened.

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