In re American Rds. LLC

Ruling: 
Ad hoc committee of bondholders lacked standing to participate in chapter 11 case pursuant to "no action" clause.
Issue: 
Did "no action" clause in contracts for insured unitranche financing bar bondholders from participating in debtor's chapter 11 case?
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Commercial case opionion summary, case decided on August 28,2013, LexisNexis #0913-094