Devon Eggert Co-Authors Article about Implications for "New Value" Plans Resulting from the Castleton Plaza Circuit Court Decision

The 7th U.S. Circuit Court of Appeals recently expanded on the new-value competition concept in In re Castleton Plaza, where it found that any new equity interest to be taken by an insider under a Chapter 11 plan must also be open to competition.  Devon Eggert, a Partner in the Bankruptcy and Financial Restructuring Practice Group, shares insights on how the Castleton decision will most certainly impact new-value plans going forward, in  "Castleton Plaza -- A range of implications for 'new value' plans," published in the Nov. 7, 2013, issue of Westlaw Journal Bankruptcy.

A PDF of the article is attached.