Momentive and the "Efficient Market": The Cramdown Saga Continues

Norton Annual Survey of Bankruptcy Law

Paul Leake

Partner Paul Leake and associate Cameron Fee take a look at the Second Circuit's 2018 decision in Momentive, which addresses the question of how to determine the appropriate method for calculating the interest rate to apply when a debtor seeks to “cram down” a class of secured creditors under Bankruptcy Code Section 1129(b)(2)(A)(i).

Reprinted from Norton Annual Survey of Bankruptcy Law, 2018 Ed., with permission of Thomson Reuters. Copyright © 2018. Further use without the permission of Thomson Reuters is prohibited. For further information about this publication, please visit or call 800.328.9352.