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New Cases For the Week of February 18, 2002 -
February 22, 2002
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February
18, 2002
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Case
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Court
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Holding
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In
re Telegroup, Inc.
(DBN Subscription Required) |
3rd.
Cir. |
Section
510(b) should be read broadly, not narrowly. Thus, a claim for
breach of a provision in a stock purchase agreement requiring
the issuer to use its best efforts to register its stock and
ensure that the stock is freely tradeable"arises
from" the purchase of the stock for purposes ofS 510(b),
and therefore must be subordinated. |
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