Bankruptcy Judge Dismissed Fraudulent Transfer Claim in $7.2 Billion Purchase Led by Kohlberg Kravis Roberts
“It is black letter law in this Circuit that the gold standard for determining the value of an asset is to sell it in an open and fair market,” stated U.S. Bankruptcy Judge Brendan Linehan Shannon. “A thing is worth what a willing buyer will pay to a willing seller following a proper marketing process.
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