Morrison Foerster: Caveat Lendor: Serta Confirmation Opinion Permits Uptier with Finding of "Good Faith" and Provides Indemnity for Participating Lenders | Practical Law

Morrison Foerster: Caveat Lendor: Serta Confirmation Opinion Permits Uptier with Finding of "Good Faith" and Provides Indemnity for Participating Lenders | Practical Law

This Morrison Foerster memorandum discusses the June 6, 2023 decision of the US Bankruptcy Court for the Southern District of Texas in In re Serta Simmons Bedding, LLC, (Bankr. S.D. Tex. June 6, 2023), in which it approved Serta Simmon's prepetition uptier transaction, finding that it did not violate the implied covenant of good faith and fair dealing. Click here to view the full text.

Morrison Foerster: Caveat Lendor: Serta Confirmation Opinion Permits Uptier with Finding of "Good Faith" and Provides Indemnity for Participating Lenders

by Morrison Foerster
Law stated as of 06 Jun 2023USA (National/Federal)
This Morrison Foerster memorandum discusses the June 6, 2023 decision of the US Bankruptcy Court for the Southern District of Texas in In re Serta Simmons Bedding, LLC, (Bankr. S.D. Tex. June 6, 2023), in which it approved Serta Simmon's prepetition uptier transaction, finding that it did not violate the implied covenant of good faith and fair dealing. Click here to view the full text.