1992 developments in trading claims: participations and disputed claims

Article Abstract:

The trading of Chapter 11 bankruptcy claims has increased since 1990 and now includes participation in bank claims. The difficulty of a hostile takeover of a Chapter 11 company was shown in the 1990 decision of In re Allegheny International Inc in which Japonica Partners was frustrated. However, trading of whole claims was facilitated in 1992 by the Bankruptcy Rule 3001(e), although that cannot help with the rising administrative workload.

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The acquisition of the American Stock Exchange by the NASD

Article Abstract:

The National Assn of Securities Dealers (NASD) acquired the American Stock Exchange (AMEX) in 1998. NASD gained an auction market by acquiring AMEX and AMEX gained a guaranty for $110 million for technological improvements. Legal and tax objectives, structure and member response is included.

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Regulation M

Article Abstract:

The SEC's regulation M and its consequences for securities trading are presented.

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