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Distressed public companies present an interesting opportunity for the savvy securities attorney. The right bankrupt, public shell can often be utilized in the creation of several more vehicles, all with their own base of shareholders, with a completely clean slate. As part of Section 1145(a)(1)...

The market for public shells is often aptly referred to as a "game." Finding something clean that fits within the target parameters of an intending APO is extremely difficult, especially on shoestring budget. Overcoming this hurdle requires understanding what a particular company may need/desire when it's...