The Fifth Circuit Court of Appeals and signaled further disagreement with the Bankruptcy Court for the District of Delaware over the treatment of make whole premium payments under the Bankruptcy Code. The crux of the case rested on the solvent debtor exception.
Recent decisions by the Fifth Circuit Court of Appeals and the Bankruptcy Court for the District of Delaware signal further disagreement over the treatment of “make-whole” premium.
Twitter Inc has begun laying off employees under its new owner, Elon Musk. The company is already facing a proposed class action claiming the layoffs are imminent and will violate U.S. and California laws if employees are not given advance notice or severance pay.