Greenberg Traurig Wins M&A Advisor Turnaround Award

Greenberg Traurig was named a winner for the Sec. 363 Sale of the Year ($25MM to $100MM) Award and will be honored at M&A Advisor’s 11th Annual Turnaround Awards.

Blocking Rights in LLC Operating Agreements: Do These Provisions Help Lenders?

Traditionally, secured lenders have utilized blocking rights to prevent a limited liability company from filing for bankruptcy before the lenders have recovered the debt. Nancy Peterman explains that two recent court decisions have made it more difficult for lenders to use blocking rights without taking the rights of other stakeholders into account.