Post by Pryor Cashman

Pryor Cashman Partner Seth Lieberman, Chair of the Bankruptcy, Reorganization + Creditors’ Rights Group and Co-Chair of the Corporate Trust Practice, was quoted in a Bloomberg Law article examining Spirit Aviation Holdings Inc.’s bankruptcy sale process for its 22 takeoff and landing slots at New York’s LaGuardia Airport. In the article, Seth discusses how bankruptcy courts evaluate competing bids under a “highest and best” standard, noting that the “best” element often accounts for deal certainty, closing speed, and regulatory hurdles, not just the purchase price. Read more here: https://lnkd.in/egCPed83 #Bankruptcy #Restructuring #Aviation #BloombergLaw #PryorCashman #LegalInsights