Turns Out Serta Was Not ‘Unambiguous:’ How the 5th Circuit Dismantled Judge Jones’ Most Famous Ruling and What Comes Next

Corporate restructuring team co-leader Jim Millar joined a discussion hosted by 9Fin about the recent decision from the U.S. Court of Appeals for the Fifth Circuit to strike down Serta Simmons Bedding LLC’s restructuring plan. 

The panel provided insights on how the decision could influence market behavior, focusing on the future use of “uptiers” and “dropdowns” in restructuring strategies, best practices in navigating the changing legal landscape and tools that can be used to analyze debt structures, identify risks, and make informed decisions.