The Bankruptcy & Restructuring Practice at Cooley LLP is pleased to release this issue of its seasonal newsletter, Absolute Priority. This newsletter will provide you with news, trends and developments from the continually evolving bankruptcy sector. We hope it will be useful and informative to you.

View Absolute Priority

THIS ISSUE FEATURES:

• U.S. Supreme Court Says Secured Creditors Have Unqualified Right To Credit Bid
  For Collateral In Chapter 11 Asset Sales
• Third Circuit Expands Test For Determining When A Claim Arises Under the
  Bankruptcy Code
• TOUSA Creditors Vindicated On Appeal By Eleventh Circuit

This issue also includes current case updates, an editor's column and a list of upcoming events.

Cooley's Bankruptcy & Restructuring Practice has extensive experience representing creditors and debtors in all aspects of bankruptcy and out-of-court restructurings. We have handled matters throughout the U.S. and abroad, across a wide array of industries—including retail, technology and manufacturing companies, utilities and multi-national financial conglomerates.

Cooley is ranked in Tier 1 nationally for "Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law" in the 2013 edition of U.S. News - Best Lawyers "Best Law Firms". The Firm also recently received the "Distressed M&A Deal of the Year" award (deals over $25 million to $100 million) at the 2013 M&A Advisor Turnaround Awards.