Unofficial or “ad hoc” committees are sometimes formed during bankruptcy cases. However, two recent decisions rendered in the Northwest Airlines family of bankruptcy cases suggest that the formation of such a committee may bring certain – and perhaps unexpected – burdens of disclosure.
Listen to this short podcast with Henry Jaffe, a partner in Pepper Hamilton’s Corporate Restructuring and Bankruptcy Practice Group and resident of both the Wilmington and Philadelphia offices, as he defines “ad hoc” committees and discusses the Northwest Airlines opinions.
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