This chapter surveys the recent empirical literature and adds to the evidence on takeover
bids for US targets, 1980–2005. The availability of machine readable transaction databases …

This chapter reviews empirical research on the use of private and court-supervised
mechanisms for resolving default and reorganizing companies in financial distress. Starting …

This chapter analyzes the implications of the rise of hedge funds for corporate governance
and corporate control. It examines a variety of presumptively" happy stories"—that is …

We analyze a sample of large privately and publicly held businesses that filed Chapter 11
bankruptcy petitions during 2001. We find pervasive creditor control. In contrast to traditional …

In 2003, Krispy Kreme was the darling of Wall Street. Its stock had more than quadrupled
since first going public only a few years before. Krispy Kreme's CEO also served as …

By common account, two contrasting eras have defined largescale corporate reorganization
since the Bankruptcy Code was enacted in 1978.1 For much of the Code's first twenty years …

LoPucki's provocative critique of Chapter 11 is required reading for everyone who cares
about bankruptcy reform. This empirical account of large Chapter 11 cases will trigger …

Using a novel data set that covers individual debt claims against 136 bankrupt US
companies and includes information on a subset of claims transfers, we provide new …

In Chrysler's Chapter a bankruptcy, a finding that the debtor was losing $100 million per day
justified the hurry-up sale of the company to Fiat. The assertion that a firm is a melting ice …

This paper studies the presence of hedge funds in the Chapter 11 process and their effects
on bankruptcy outcomes. Hedge funds strategically choose positions in the capital structure …