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		<category>Client Alert</category>
		<title>Supreme Court Rejects Non-Consensual Third-Party Releases for Sacklers in Purdue Pharma Bankruptcy, Reversing Second Circuit</title>
		<link>https://www.chapman.com/publication-10081.html</link>
		<description><![CDATA[ On June 27, 2024, the United States Supreme Court ruled in favor of the United States Trustee, who had objected to Purdue&rsquo;s plan of reorganization that granted releases of third party claims to members of the Sackler family in exchange for their contribution of up to $6 billion to the Purdue bankruptcy estate. Justice Neil Gorsuch, writing for the majority, found that the type of relief being granted to the Sacklers (i.e., a blanket shield from all existing or potential liability relating to the opioid crisis) represented the kind of &ldquo;discharge&rdquo; only available to debtors who have &ldquo;placed all their assets on the table.&rdquo; ]]></description>
		<pubDate>Wed, 03 Jul 2024 09:00:00 -0400</pubDate>
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		<category>Client Alert</category>
		<title>Loans Are Not Securities — Widely Accepted Premise Underpinning the Syndicated Loan Market Reconfirmed</title>
		<link>https://www.chapman.com/publication-10056.html</link>
		<description><![CDATA[ The Second Circuit Court of Appeals recently issued an eagerly awaited decision in Kirschner v. JP Morgan Chase Bank, N.A., which reconfirmed the widely accepted view that loans are not securities under federal or state securities laws. ]]></description>
		<pubDate>Tue, 12 Sep 2023 09:00:00 -0400</pubDate>
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		<category>Client Alert</category>
		<title>Congress Acts to Preserve the Increased Debt Eligibility Threshold of the Small Business Reorganization Act of 2019</title>
		<link>https://www.chapman.com/publication-1156.html</link>
		<description><![CDATA[ On February 19, 2020, the Small Business Reorganization Act came into effect and Debtors with aggregate liabilities that do not exceed $2,566,050 were provided an opportunity to resolve their outstanding liabilities. But even before the SBRA could see its first successes (or failures), the Coronavirus Aid, Relieve and Economic Security Act of 2020 increased a small business&rsquo;s debt threshold to $7.5 million. ]]></description>
		<pubDate>Tue, 28 Jun 2022 09:00:00 -0400</pubDate>
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		<category>Client Alert</category>
		<title>Independent Directors of Distressed Companies: Considerations for Appointment to the Governing Board</title>
		<link>https://www.chapman.com/publication-10004.html</link>
		<description><![CDATA[ The proliferation of investments in small, family-owned and mid-cap companies by private equity funds has led to changes in corporate governance provisions in the acquired companies&rsquo; organizational documents. Some private equity funds team up with existing management and take a minority position in the acquired company, while others will make an investment only if they can acquire controlling interest or 100 percent ownership of a company. In cases where a fund acquires a controlling interest in a company, it will often populate the company&rsquo;s governing body with the fund&rsquo;s principals or employees and the company&rsquo;s chief executive. The fund may also seek to add outside directors with industry expertise to help govern the company. Where a private equity fund acquires a non-controlling interest, it will often seek to protect its investment by having consent and/or veto rights for certain significant transactions &ndash; for instance, the incurrence of debt, issuance of additional equity, and acquisition or disposition of assets. Thus, the organizational documents of a company may contain provisions restricting certain activities without the requisite consent of certain directors or equity holders. ]]></description>
		<pubDate>Tue, 22 Feb 2022 09:00:00 -0500</pubDate>
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		<category>Chapman Insights</category>
		<title>Screening for ESG Criteria in Lending and Investment Transactions</title>
		<link>https://www.chapman.com/publication-1236.html</link>
		<description><![CDATA[ Lenders and investors are taking different approaches to building ESG portfolios based on the entity&rsquo;s own preferences and values. However, one widely used tool involves screening of select assets or transactions that align with those values. ]]></description>
		<pubDate>Mon, 13 Sep 2021 09:00:00 -0400</pubDate>
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		<category>Chapman Insights</category>
		<title>U.S. Commits to Cutting Carbon Emissions in Half by 2030</title>
		<link>https://www.chapman.com/publication-1226.html</link>
		<description><![CDATA[ At today&rsquo;s Earth Day Climate Summit, President Joe Biden announced to world leaders that the United States is committed to cutting its greenhouse gas emissions by 50% to 52% from 2005 levels by 2030.  ]]></description>
		<pubDate>Thu, 22 Apr 2021 09:00:00 -0400</pubDate>
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		<category>Chapman Insights</category>
		<title>Loan Associations Publish Social Loan Principles</title>
		<link>https://www.chapman.com/publication-1224.html</link>
		<description><![CDATA[ Last week the Loan Syndications and Trading Association, the Loan Market Association, and the Asia Pacific Loan Market Association jointly published their first ever Social Loan Principles. ]]></description>
		<pubDate>Tue, 20 Apr 2021 09:00:00 -0400</pubDate>
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		<category>Chapman Insights</category>
		<title>ESG Investing to Continue Growth in 2021 Under Biden Administration</title>
		<link>https://www.chapman.com/publication-1216.html</link>
		<description><![CDATA[ Environmental, Social and Governance investing in the United States has reportedly reached an estimated $250 billion in assets under management and is expected to see continued growth in 2021 and beyond.&nbsp; ]]></description>
		<pubDate>Tue, 02 Mar 2021 09:00:00 -0500</pubDate>
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		<category>Client Alert</category>
		<title>Consolidated Appropriations Act, 2021 Offers Temporary Relief to Certain Landlords and Suppliers from Preferential Transfer Liability</title>
		<link>https://www.chapman.com/publication-1210.html</link>
		<description><![CDATA[ On December 27, the Consolidated Appropriations Act, 2021 was signed into law, which, among other things, contains an important amendment to Section 547 of the United States Bankruptcy Code. ]]></description>
		<pubDate>Wed, 13 Jan 2021 09:00:00 -0500</pubDate>
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		<category>Client Alert</category>
		<title>Madden-Based Cases in New York Against Securitization Trusts Dismissed</title>
		<link>https://www.chapman.com/publication-1199.html</link>
		<description><![CDATA[ In 2015, the Second Circuit Court of Appeals issued an opinion finding that, under the doctrine of federal preemption, a non-bank assignee of a bank loan could not charge and collect the rates and fees that the bank could charge and was therefore subject to state law usury limits. ]]></description>
		<pubDate>Mon, 28 Sep 2020 09:00:00 -0400</pubDate>
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