In one of the first decisions of its kind, the United States Bankruptcy Court for the Southern District of New York, in In re Innkeepers USA Trust, et al.
CMBS Certificate Holders Denied Standing in Innkeepers
In one of the first decisions of its kind, the United States Bankruptcy Court for the Southern District of New York, in <i>In re Innkeepers USA Trust, et al.</i>, ruled that a holder of commercial mortgage-backed securities ("CMBS") did not have standing to raise objections as a party-in-interest in a bankruptcy case.
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