Gloria Figel established a trust for the benefit of her son, Terry, and grandson, Spencer, with Wells Fargo Bank, N.A. as trustee.
A recent Court of Appeal ruling will make it harder for trustees to unscramble past decisions.
On 22 October 2010 Lords Justices Arden, Longmore and Patten handed down their judgment in The Law Debenture Trust Corporation plc v Elektrim SA.
After nearly fifteen years of unsuccessful attempts to recover $71 million worth of securitized bonds after the 1990 bankruptcy of Continental Airlines, Inc., Bluebird Partners L.P. may have suffered its final defeat.
Recently, the Delaware Court of Chancery issued a decision, San Antonio Fire & Police Pension Fund v. Amylin Pharmaceuticals, Inc. (“Amylin”), interpreting a “Continuing Director” clause contained in a change of control provision commonly found in many indentures and loan agreements.