My UCLAW colleague Daniel Bussel has a post on the increasing importance of bankruptcy examiners:
There is a buzz in the air concerning bankruptcy examiners. Recently in such cases as ResCap, Dynegy and Tribune, and perhaps now in Caesars, examiners have played a decisive role in resolving major chapter 11 cases that turned on disputed litigation claims and avoiding power rights. Numerous commentators, and now the ABI Chapter 11 Study Commission, have called for their expanded use.
Dan goes on to discuss our retired UCLAW colleague Ken Klee's role as an examiner in the Tribune case. Not my field, of course, but interesting nonetheless.