Corporate Restructuring and Bankruptcy associate Rachael Ringer co-authored the article “Avoiding Illusory Recoveries: Black-Scholes Protections for Warrants Issued Under a Plan,” appeared in the Feb. 18, 2017, issue of ABI Journal, published by the American Bankruptcy Institute. The article examines the potential value of junior creditors participating in a market recovery through the use of long-term, out-of-the-money warrants.

Read the full article here.