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In re Covenant Partners L.P.

In re Covenant Partners L.P.

Ruling
Trustee's settlement with SEC approved and any concerns about violation of the absolute priority rule were premature.
Issue(s)
Did absolute priority rule, concerns about preferential treatment and best interests of creditors bar trustee's settlement with the SEC?

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Commercial opinion summary, case decided on December 02, 2015 , LexisNexis #1215-140