Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning

Curated from Law360: Legal Industry — Here’s what matters right now:

A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan.

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Original reporting: Law360: Legal Industry

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