Appeals Court Affirms Competition Is Key in Chapter 11

February 21, 2013 – Media Mention
Dow Jones Daily Bankruptcy Review
In an article discussing a recent decision by the U.S. Court of Appeals for the Seventh Circuit that reaffirms the critical role of competition in Chapter 11 to ensure the most value possible is secured for creditors, Herrick, Feinstein partner and chair of the Bankruptcy Practice Group Stephen Selbst is quoted about how the decision was not a surprise based on the landmark 203 North LaSalle case.  "What the debtor tried to do was find a sneaky way around 203 North LaSalle, and the Seventh Circuit wasn't having any part of it," said Mr. Selbst.