Authors:

  • Mark Roe

Excerpt

A Capital Market, Corporate Law Approach to Creditor Conduct. Mark Roe, May 1, 2013, Paper. "The problem of creditor conduct in distressed firms — for which policymakers ought to have the economically-sensible repositioning of the distressed firm as a central goal — has vexed courts for decades. Because courts have not come to coherent, stable doctrine to regulate creditor behavior and because they do not focus on using doctrine to facilitate the sensible repositioning of the distressed firm, social costs arise and those costs may be substantial..." Link verified June 19, 2014