Rufus Dorsey and Matthew Weiss authored the article "The Third Circuit’s Warning Shot to Senior Creditors in In re Tribune Co.," featured in the December issue of ABI Journal. The article discusses the impact of Third Circuit’s decision in the case of In re Tribune Co. on enforceability of rights under subordination agreements in the Chapter 11 cramdown setting and the potential significance for advisors and clients in the areas of drafting subordination agreements, making forum selection decisions, navigating the Third Circuit’s articulation of the “unfair discrimination” guidelines held to be controlling as to cramdown treatment of subordination rights, and arguing the decision in other factual settings and jurisdictions.

Read the article here.