Corinne Ball

April 23, 2015 | New York Law Journal

In her Distress Mergers & Acquisitions column, Corinne Ball discusses a recent decision in which the Ninth Circuit held that a creditor's debt claim that was based on a state court judgment should be subordinated because the judgment arose from a dispute years prior regarding the purchase of an equity interest.

By Corinne Ball

11 minute read

April 22, 2015 | New York Law Journal

In her Distress Mergers & Acquisitions column, Corinne Ball discusses a recent decision in which the Ninth Circuit held that a creditor's debt claim that was based on a state court judgment should be subordinated because the judgment arose from a dispute years prior regarding the purchase of an equity interest.

By Corinne Ball

11 minute read

February 26, 2015 | New York Law Journal

Corinne Ball and Jessica Kastin of Jones Day write: In 'Tackett', the Supreme Court overruled long-standing precedent in the Sixth Circuit, which will likely make it easier for employers and acquirors to defeat arguments that retirees are entitled to lifetime health benefits.

By Corinne Ball and Jessica Kastin

13 minute read

February 25, 2015 | New York Law Journal

Corinne Ball and Jessica Kastin of Jones Day write: In 'Tackett', the Supreme Court overruled long-standing precedent in the Sixth Circuit, which will likely make it easier for employers and acquirors to defeat arguments that retirees are entitled to lifetime health benefits.

By Corinne Ball and Jessica Kastin

13 minute read

October 23, 2014 | New York Law Journal

In her Distress Mergers and Acquisitions column, Corinne Ball, a partner at Jones Day, writes: 'Revel' illustrates for potential asset purchasers that the rights of bidders in bankruptcy sale auctions are limited to objections addressing the integrity of the sale process.

By Corinne Ball

11 minute read

August 28, 2014 | New York Law Journal

In her Distress Mergers & Acquisitions column, Corinne Ball, a partner at Jones Day, writes: A competitor's attempt to take over a debtor through its debt may be subject to judicial scrutiny, as discussed in the decision issued by Bankruptcy Judge Shelley C. Chapman in the LightSquared case. Chapman concluded that separate competitor classification was appropriate, but denied designation and confirmation.

By Corinne Ball

12 minute read

June 26, 2014 | New York Law Journal

In her Distress Mergers & Acquisitions column, Corinne Ball, a partner at Jones Day, discusses 'In re LightSquared', in which an activist distressed investor faces the subordination or disallowance of his claim due to what the bankruptcy court determined was the investor's inequitable conduct with the intent to manipulate the bankruptcy proceedings and the bankruptcy court.

By Corinne Ball

12 minute read

April 24, 2014 | New York Law Journal

In her Distress Mergers and Acquisitions column, Corinne Ball, a partner at Jones Day, writes about a recent Third Circuit decision in which the court held that prepetition personal injury claims that relied upon the "mere continuation" theory of successor liability were, in reality, causes of action that were property of the bankruptcy estate and thus eligible for settlement, release and discharge through the bankruptcy court.

By Corinne Ball

13 minute read

February 27, 2014 | New York Law Journal

In her Distress Mergers & Acquisitions column, Corinne Ball, a partner at Jones Day, writes: In the wake of 'Fisker Automotive', secured creditors may think twice before acquiring secured debt with a view towards using that debt as acquisition currency through credit bidding.

By Corinne Ball

12 minute read

December 26, 2013 | New York Law Journal

In her Distress Mergers & Acquisitions column, Corinne Ball, a partner at Jones Day, writes: Poison put provisions trigger full payment of debt at face value upon certain events such as a change in a majority of the board of directors unless a majority of the new board consists of incumbent directors or directors approved by the incumbent directors. These provisions are usually intended to protect lenders. However, poison put provisions also have the potential effect of making the target less attractive to a corporate raider or a white knight by imposing costs on a change in control.

By Corinne Ball

15 minute read