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Houlihan Capital

New Cases Added to Our 2019 Solvency Compendium

In re Tribune Company Fraudulent Conveyance Litigation (April 2019) —– U.S. DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK RULED THAT PAYMENTS IN A LEVERAGED BUYOUT TO THOUSANDS OF SHAREHOLDERS ARE PROTECTED BY SAFE HARBOR BECAUSE HAVING A TRADITIONAL FINANCIAL INSTITUTION AS AN INTERMEDIARY IN THE TRANSACTION CAN QUALIFY THE COMPANY MAKING THE PAYMENTS […]