In re American Roads LLC
United States Bankruptcy Court, S.D. New York
1Opinion of the Court
Chapter 11
BENCH MEMORANDUM AND ORDER FINDING THE BONDHOLDERS LACK STANDING TO PARTICIPATE IN THESE CHAPTER 11 PROCEEDINGS
Burton R. Lifland, United States Bankruptcy Judge
Before the Court is the threshold issue of whether the ad hoc committee of bondholders (the “Bondholders”), consisting of the holders of $162.5 million in principal amount of certain senior secured bonds (the “Bonds”) issued by American Roads LLC (“American Roads”, and together with its affiliated debtors, the “Debtors”), has standing to participate in these chapter 11 proceedings.
The Court confronts a unique financing…
2Cases cited11 opinions
- Beal Savings Bank v. SommerNew York Court of Appeals · 2007
- GMAM Investment Funds Trust I v. Globo Comunicacoes E Participacoes S.A. (In Re Globo Comunicacoes E Participacoes S.A.)District Court, S.D. New York · 2004
- Friedman v. Chesapeake and Ohio Railway CompanyDistrict Court, S.D. New York · 1966
- In Re Innkeepers USA TrustUnited States Bankruptcy Court, S.D. New York · 2011
- Ion Media Networks, Inc. v. Cyrus Select Opportunities Master Fund, Ltd. (In Re Ion Media Networks, Inc.)United States Bankruptcy Court, S.D. New York · 2009
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- Bostwick v. Credit Agricole Corporate & Investment Bank New York BranchAppellate Division of the Supreme Court of the State of New York · 2017