Corporate Restructuring and Bankruptcy partner Douglas Mannal and associate Rachael Ringer's article "Avoiding Illusory Recoveries: Black-Scholes Protections for Warrants Issued Under a Plan," appeared in the Feb. 18, 2017, issue of ABI Journal, published by the American Bankruptcy Institute. The article examines the potential value of junior creditors participating in a market recovery through the use of long-term, out-of-the-money warrants.
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