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Twin River Worldwide Holdings Inc. v. Sola Ltd. (In re BLB Worldwide Holdings Inc.)

Twin River Worldwide Holdings Inc. v. Sola Ltd. (In re BLB Worldwide Holdings Inc.)

Ruling
Contingent value rights agreement was a proper implementation of debtor's plan and not an improper modification.
Issue(s)
Was the provision of a contingent value rights (CVR) agreement setting forth additional details regarding the thresholds above which CVR holders are entitled to part of the proceeds from a covered transaction is a permissible implementation of debtor's confirmed plan?

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Commercial opinion summary, case decided on November 03, 2015 , LexisNexis #1115-132