The Corporate Restructuring & Bankruptcy Practice at Cooley LLP is pleased to release this final issue of its seasonal newsletter, Absolute Priority. We continue to strive to provide you with more timely updates of the developments in our world that affect your bottom lines. With that goal in mind, we are excited to announce the creation of our new blog, aptly named Absolute Priority. Beginning in January 2014, the Absolute Priority blog will serve as the new home for the in-depth commentary and analysis that you have come to expect from the Absolute Priority newsletter.

View Absolute Priority

THIS ISSUE FEATURES:

• Court Rules That Indirect Benefits from Subchapter S Election Can Be Reasonably Equivalent Value in Fraudulent Transfer Case
• Ninth Circuit Overturns Precedent the Bankruptcy Courts Have Power to Recharacterize Debt Claims to Equity
• Seventh Circuit Upholds Validity of Cross-Collateralized Real Estate Lien

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.