In this issue:

• When Does ERISA Control Group Liability Arise for Private Equity Investors? - Sun Capital Partners III LP v. New England Teamsters & Trucking Industry Pension Fund, No. 16-1376 (1st Cir. Nov. 29, 2019) - Peter S. Clark, II
• Prohibition of  assignment of promissory note claims enforceable under Delaware law - Contrarian Funds, LLC v. Woodbridge Grp. of Cos., LLC (In re Woodbridge Grp. of Cos., LLC), 606 B.R. 201 (D. Del. 2019) - James Britton
• New Jersey tax certificate foreclosure is avoided as preference - Hackler v. Ariana Holdings Co., LLC (In re Hackler), 938 F.3d 115 (3rd Cir. 2019) - Derek J. Baker
• Say what you mean and mean what you say: district court holds parties to the letter of their intercreditor agreement - Ad Hoc Group of Second Lien Creditors v. LNV Corp. (In re La Paloma Generating Company LLC), 2019 WL 4674865 (D. Del., Sep. 24, 2019) - Lauren Zabel
• A creditor’s retention of pre-petition repossessed collateral after a bankruptcy case is not a violation of the automatic stay - In re Denby-Peterson, 941 F.3d 115 (3d Cir. 2019) - Derek J. Baker
• Involuntary conversion to a chapter 7 when rehabilitation hopeless - Mumma v. Vara (In re Mann Realty Assocs.), No. 1:18-CV-683, 2019 U.S. Dist. LEXIS 168132 (M.D. Pa. 2019) - Lindsey Robin
• The importance of an unambiguous “reservation of rights” provision - Emerald Capital Advisors v. Victory Park Capital Advisors (In re KII Liquidating), Bankr. Case No. 17-11101-LSS (D. Del. Sep. 30, 2019) - Rachel Thompson
• The Fifth Circuit affirms the Equitable Mootness Doctrine and presents an unusual take on Cramdown Rates - Dropbox, Inc. v. Thru, Inc., et al. (In re Thru, Inc.), 3:17-cf-1958-G 2018 BRL 386690 (N.D. Tex. Oct. 19, 2018), aff’d 2019 BL 414468 (5th Cir. Oct. 28, 2019). - Michael P. Cooley